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Michelin to Raise Prices in Europe

Continuing cost increases in the raw material, energy and transportation sectors mean manufacturers’ price rises are also inevitable.

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Following the increases on July 1 for earthmover tyres and Aug. 1 for agricultural tyres, Michelin will raise its passenger car, light truck and truck and bus tyre prices as of Oct. 1.

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These new prices will be implemented in most European countries, says Michelin, with increases on average ranging from 3% to 5%. (Tyres & Accessories/Staffordshire, U.K.)

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