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Firestone Tire and Rubber Company is an American tire company founded by Harvey S. Firestone (1868–1938) in 1900 initially to supply solid rubber side-wire tires [2] for fire apparatus, [3] and later, pneumatic tires for wagons, buggies, and other forms of wheeled transportation common in the era.
Between 1938 and 1950, National City Lines and its subsidiaries, American City Lines and Pacific City Lines—with investment from GM, Firestone Tire, Standard Oil of California (through a subsidiary), Federal Engineering, Phillips Petroleum, and Mack Trucks—gained control of additional transit systems in about 25 cities.
In May 1988, a takeover bid of America's No. 2 tire manufacturer, Akron, Ohio–based Firestone Tire and Rubber Company, was successful, and Firestone was placed under the Bridgestone umbrella as a subsidiary company. This purchase brought a large number of Firestone global production sites into the Bridgestone organization.
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Before 1870 they produced 100 and sold them successfully at auction, though their business partners refused further work, leaving them in debt. [4] Note 1 ] In 1870, they were introduced to Firestone, a native of Canton, Ohio and who had operated a railroad business in Cedar Rapids, Iowa , moved to Columbus and financed the business with $5,000.
Part of the Fitzgerald's operations were reorganized into a holding company in 1936, and later expanded about 1938 with equity funding from General Motors, Firestone Tire, Standard Oil of California and Phillips Petroleum for the express purpose of acquiring local transit systems throughout the United States in what became known as the General ...
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