Widespread recalls from Bridgestone Corp.’s Firestone Tire subsidiary dragged down Bridgestone’s profits by 2% in 2001. But the Japanese tire maker reportedly expects earnings to more than triple this year. Net earnings declined to ¥17.4 billion ($130 million) last year, from ¥17.7 billion ($133 million) the previous year. The drop was caused by a ¥203 billion ($1.5 billion) loss at its U.S. Bridgestone/Firestone subsidiary stemming from the recall of 6.5 million tires, as well as ...

Premium Content (PAID Subscription Required)

"Firestone Hurts Bridgestone Profits" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.