Michelin North America Announces Tire Price Increases

GREENVILLE, S.C. (Jan. 3, 2008) – As a result of continuing increases in raw material, energy and transportation costs, Michelin North America is increasing prices on two tire product lines.

* Passenger and light truck replacement tire prices will increase by up to 7 percent on Michelin®, BFGoodrich®, Uniroyal®, private and associate brand tires sold in the United States effective March 3, 2008.
* Earthmover and industrial tire prices, including items on back-order, will increase by up to 3 percent on products sold in the United States and Mexico effective Feb. 1, 2008.

Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks, motorcycles and the space shuttle. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America (www.michelin-us.com) employs more than 22,500 and operates 19 major manufacturing plants in 17 locations.

Source: Michelin North America

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