Michelin says to raise tyre prices in Europe

Newswire

PARIS, March 29 (Reuters) - Europe's biggest tyre maker is raising the price of its car and light truck tyres in Europe by up to five percent to offset higher raw material prices, the company said on Monday. Michelin said in a statement it would raise prices by 3.5 percent on average, but by as much as five percent in some markets between April 1 and July 1 2004.

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