Bridgestone expects to lose $345 million from tire recall
Article Abstract:
The article discusses the announcement by Bridgestone/Firestone Inc., Bridgestone Corp.'s U.S. subsidiary, to recall 6.5 million ATX and ATX II tires made in North America, and certain Wilderness AT tires manufacturer at the company's Decatur, IL facility. The recall will cost the company 37.2 billion yen ($345 million) in special losses in 2000.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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Bridgestone cuts estimate
Article Abstract:
As Firestone replacement tire sales plummet by 40% in the U.S., parent company Bridgestone Corp. predicts a net income for 2000 of 13 billion yen, an 81% decrease. Meanwhile, a company-led investigation has not revealed a specific cause for tire failures that led to 148 deaths in the US.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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Bridgestone to inject $1.3 billion into unit to offset losses
Article Abstract:
Bridgestone Corp. is putting money into the financially drained Bridgestone Firestone Inc. after the tire recalls and lawsuits of 2001. The company has lost over $2 billion since the tires were recalled, and relations with Ford Motor Co. are still tense.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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