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According to Firestone's last filing with the National Highway Transportation Administration, only 90,259 of more than 2.5 million recalled tires were confirmed as removed from service. [62] In November 2013, two recalled Wilderness AT tires were found in Atlanta, Georgia. [63] One of the tires was offered for sale as new at a used tire retail ...
On 5 December 2006, Bridgestone Americas and Bandag, Inc. announced a merger agreement whereby Bridgestone would acquire Muscatine, Iowa–based Bandag, Inc., a leading truck tire re–treader that was founded in 1957 and had over 900 franchised dealers worldwide at the time. In announcing the merger, Bridgestone's president in Tokyo explained:
As the tire rotates it may exert a lateral force on the order of 100 N (22 lbf), causing steering pull in one direction. It would be typical for the force to vary up and down from this value. A variation between 90 and 110 N (20 and 25 lbf) would be characterized as a 20 N (5 lbf) lateral force variation (LFV).
It is estimated that these tire failures and rollovers cost Bridgestone/Firestone $1.67 billion [72] and Ford Motor Company $530 million. Bridgestone's market price dropped by 50% and the resulting restructuring cost Bridgestone $2 billion. In 2001, Ford recorded a loss of $5.5 billion. [59]
The tires on a Hummer H1 might be labeled: 37X12.5R17LT. 37 – the tire is 37 in (940 mm) in diameter; 12.5 – the tire has a cross section of 12.5 in (320 mm) R – this is a radial tire; 17 – this tire fits 17 in (430 mm) rims; LT – this is a light truck tire
From January 2008 to May 2010, if you bought shares in companies when Frederic K. Becker joined the board, and sold them when he left, you would have a -30.8 percent return on your investment, compared to a -18.1 percent return from the S&P 500.
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