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  2. Firestone Tire and Rubber Company - Wikipedia

    en.wikipedia.org/wiki/Firestone_Tire_and_Rubber...

    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 ...

  3. Product recall - Wikipedia

    en.wikipedia.org/wiki/Product_recall

    USA: March: - Honda recalls 183,000 vehicles due to concerns that they could brake unexpectedly due to a fault in their electronic stability control systems. A further 381,000 vehicles in the US and worldwide were recalled later in the year due to the same issue. [73] [74] USA: July: Big Lots recalled Christmas tree lights due to fire hazard. [75]

  4. Firestone and Ford tire controversy - Wikipedia

    en.wikipedia.org/wiki/Firestone_and_Ford_tire...

    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]

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  7. Automotive industry in the United States - Wikipedia

    en.wikipedia.org/wiki/Automotive_industry_in_the...

    These assembly lines significantly reduced costs. The first models were priced at $850, but by 1924 had dropped to $290. The Model T sold extremely well and Ford became the largest automobile company in the U.S. By the time it was retired in 1927, more than 15 million Model Ts had been sold.

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