Michelin North America announced it’s raising U.S. replacement tire prices on consumer and commercial tires starting February 1, 2010.
Prices will go up as much as 7% on Michelin and BFGoodrich commercial truck replacement tires.
Replacement passenger and light truck tire prices will also increase on Michelin tires, BFGoodrich tires, Uniroyal tires, and private and associate brands. The price increase will differ by product line.
Uniroyal tires began as the United States Rubber Company in 1892 in Naugatuck, Connecticut. The United States Rubber Company was formed through the consolidation of nine rubber companies in the Naugatuck area. It became one of the 12 original stocks featured in the Dow Jones Industrial Average. In 1961, the United States Rubber Company changed its name to Uniroyal.
The United States Rubber Company, Uniroyal and its participating labels built a reputation for affordable quality automobile tires. The United States Rubber Company was one of the leading tire manufacturers in the industry. In the 1930s, the United States Rubber Company owned a significant percentage of Gillette Tire, which produced the original equipment on many General Motors vehicles. At that time, Gilette was the largest tire producer in the world. By 1940, United States Rubber Company took over Gilette, leading to increased production and a larger footprint in the ma ...[more]