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Citing rising costs as the cause, Firestone announced its withdrawal from professional motorsports in August 1974 with the exception of Formula 5000 and Formula One. The change was forecast to reduce Firestone's annual race testing budget from between $6 and $8 million to around $500,000 [ 37 ] (in 2023, roughly equivalent to a reduction from ...
Firestone constructed hangars, ancillary buildings, and an 8,700 foot runway on the site. [9] Advertisement for Firestone's factory and exhibition building at the World's Fair showing Liberians harvesting and transporting rubber. The Firestone Plantation was originally envisioned for 350,000 people to be employed on the newly created plantations.
BFGoodrich was not the only tire manufacturer in the United States at the turn of the 20th century. Among its competitors were Goodyear, Firestone, General and Uniroyal. Due to extensive research and scientific methods, such as tire wear evaluation and longevity testing, BFGoodrich was at the leading edge of the industry.
In 1974, Firestone was inducted into the Automotive Hall of Fame. Firestone High School in Akron, Ohio, is named in his honor. There is a Harvey S. Firestone Park in Columbiana, Ohio. The Links at Firestone Farms, a golf course in Columbiana that opened in 2003, sits on the site of the former family homestead.
Firestone's Decatur plant was closed in December 2001 and all 1,500 employees were laid off. [70] Firestone cited a decline in consumer demand for Firestone tires and the age of the Decatur plant as the reasons for closing that facility. [71] It is estimated that closing the Decatur plant cost Bridgestone/Firestone $210 million. [71]
The series then became known as Firestone Indy Lights. The centerpiece of the Indy Lights schedule was the Freedom 100, contested at Indianapolis Motor Speedway on the Friday prior to the Indianapolis 500. The series also held a support race for the U.S. Grand Prix, the Liberty Challenge, from 2005 to 2007. It was the series' first event that ...
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