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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]
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.
Quick Lane Tire and Auto Center is a global automotive chain that provides oil changes, tire rotation, multi-point inspections and other express services. Currently headquartered in Dearborn, Michigan , Quick Lane is owned by Ford Motor Company , there are 825 locations as of February 2018. [ 1 ]
The combined company acquired additional tire brands: Savannah Tire, Trax Tires, Upton Tire, Epperly Tire, among others. [10] In June 2017, Express Oil Change & Tire Engineers, which had become the 10th-largest fast lube chain in the United States, [11] was acquired by San Francisco-based private equity firm Golden Gate Capital. [12]
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]
The acquisition of Dodge gave Chrysler the manufacturing facilities and dealer network that it needed to significantly expand production and sales. In 1928, Chrysler introduced the Plymouth and DeSoto brands. Chrysler overtook Ford to become the second largest auto maker by the 1930s, following similar strategies as General Motors.
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