Pirelli Tyre CEO sees more price hikes in Q3 and Q4

Newswire

BREUBERG, Germany, May 26 (Reuters) - Italy's Pirelli Tyre expects it will have to raise prices further in its replacement business to compensate for rising raw material costs, Chief Executive Francesco Gori said on Monday. "We cannot exclude further price increases in the third or fourth quarter, especially in the dollar region," he told reporters at a press conference held at its main tyre plant in Germany. Pirelli Tyre Germany aims to boost revenue to 1 billion euros ($1.58 billion) ...

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