Bridgestone Recalling Passenger Tires
NHTSA said the tires were produced with insufficient tread base gauge, which could lead to vibration and groove cracking, while extended use could lead to tread distortion or tread separation.
Bridgestone Cuts Production at Tennessee Plants
Bridgestone Americas is reducing production at two Tennessee plants through the end of the year. The Nashville-based company announced it is cutting 23 production days at its La Vergne, Tenn., facility and 28 production days at its Warren County (Tenn.) Plant. We are addressing production levels in such a way as to avoid layoffs while adhering to responsible inventory management practices," Bridgestone said in a statement.
Bridgestone Considers Closing Air Spring Plant
Bridgestone Americas Holding (BAH) has announced plans to close its Firestone Industrial Products Co. air spring plant in Noblesville, Ind. BAH has sent a “Notice of Potential Plant Closure” to the United Steelworkers, which represents workers at the 72-year-old plant. The notice calls for the plant to be closed in 2009. The company, which produces
Bridgestone/Firestone’s Gamauf to Retire
Bridgestone/Firestone North American Tire (BFNAT) announced that John Gamauf, president of consumer replacement tire sales; vice president of BFNAT; and member of the board of directors of BFNAT, has elected to retire effective May 1. Succeeding Gamauf will be John Baratta, the company’s current vice president of North American consumer tires sales. Baratta’s successor will be named at a later date. Gamauf will continue to serve on BFNAT’s board.
Wada to Retire from Bridgestone/Firestone
Bridgestone/Firestone North American Tire (BFNAT) has announced that Masao Wada, a 37-year veteran of Bridgestone Corp. and president of BFNAT’s Bridgestone/Firestone Manufacturing Operations unit, plans to retire as of Mar. 1, 2008.
Bridgestone Acquisition of Bandag is Final
A celebration and press conference will be held today at the Bandag Learning Center in Muscatine, Iowa, to commemorate the completion of Bridgestone’s acquisition of Bandag.Mark Emkes, chairman and CEO of Bridgestone Americas Holding Inc. (BAH), Saul Solomon, new chairman, CEO and president of Bandag and Martin Carver, former Bandag chairman and CEO, will all be present at the event entitled “Bringing the Best Together: Bandag & Bridgestone.”
FTC Gives Nod to Bridgestone-Bandag Deal
From Tire Review The Federal Trade Commission (FTC) has paved the way for Bridgestone Americas Holding to acquire Bandag Inc., with the announced early termination of required antitrust waiting period. Had it not been terminated early, the Hart-Scott-Rodino Antitrust Improvements Act would have held up the deal until Feb. 8. With the FTC’s approval, the
Bridgestone Changes CFOs
Bridgestone Corp. and its North American subsidiary are swapping CFOs. Akira Nozawa, currently Bridgestone Americas Holding’s (BAH) CFO and executive vice president, is returning to the parent company as vice president and CFO and will also oversee finance, procurement and IT. Shoji Mizuochi, Bridgestone Corp.’s current CFO, is joining BAH as vice chairman and CFO. In addition, he will continue to serve on Bridgestone board of directors.
Bridgestone Reports a 58 Percent Jump in Net Income; BFNAT Posts Profit
Bridgestone Corp., the parent company of Bridgestone Americas Holding (BAH), announced that its worldwide net income for fiscal year 2005 increased 58 percent, to $1.53 billion, on sales of $22.8 billion. It was an 11 percent increase over the prior year, said Bridgestone. Operating income rose 8 percent to $1.81 billion.
Bridgestone Accuses Former Employee of Embezzlement
Bridgestone Americas Holding (BAH) Inc. has filed a civil complaint in Davidson County, Tenn., alleging that a former employee embezzled more than $380,000 over the past seven months. Bridgestone Americas Holding (BAH) Inc. has filed a civil complaint in Davidson County, Tenn., alleging that a former employee embezzled more than $380,000 over the past seven months.