Goodyear may raise prices on US and Canadian consumer tyres in June by 6% according to US media reports.
The reports – citing higher raw material and transportation costs – also note Akron saying it might equally have to increase charges as rubber and material prices rise.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Raw materials are thought to be increasing by around 15% this quarter compared to the previous three months.
Detroit media also say Michelin North America would hike its prices by up to 6% next month.
Last week, Goodyear narrowed its first quarter loss to US$47m due to higher demand and says that but for a one-time charge it would have notched up a profit of US$52m.
