How much did a tire recall in 2000 cost the company?
How much did a tire recall in 2000 cost the company?
A Tokyo analyst who follows Bridgestone has estimated a recall could cost the company up to $500 million. But the loss of confidence in the Firestone brand caused by this recall could end up costing the company more than any immediate cost of the recall or litigation, said David Bradley, analyst with J.P. Morgan.
What was the issue with Firestone tires?
The Ford-Firestone dispute blew up in August 2000. Firestone, in response to claims that their 15-inch Wilderness AT, radial ATX and ATX II tire treads were separating from the tire core causing crashes, recalled 6.5 million tires from the Ford Explorer.
What did the Ford Motor Company accuse the Firestone tire company of doing that contributed to multiple deaths?
Firestone says Ford does — in part for its Explorer design, which is allegedly prone to flipping over, leading to so many of the deaths under investigation. In the report, Bridgestone/Firestone said another factor was the lower inflation pressure and higher vehicle load limits recommended by Ford.
Are Firestone tires safe?
It’s one of the best rated tires of any type on the market today. It’s earned five stars for comfort, value, durability, and traction, and offers a solid 55,000-mile treadlife warranty. If any defects surface in the tires’ first three years, Firestone will replace them free of charge.
Was Henry Ford related to Firestone?
Several weeks ago, Ford Motor Co. Firestone’s granddaughter, Martha Parke Firestone, married Ford’s grandson, William Clay Ford Sr., in 1948. Their son, William Clay Ford Jr., a Princeton graduate and a great-grandson of Henry Ford, is currently chairman of Ford Motor Co.
Are there any recalls on Firestone tires?
Voluntary safety recall includes approximately 1,923 Firestone Destination LE3 and Bridgestone Ecopia H/L 422 Plus replacement tires. Tires included in this recall were manufactured between June 14, 2020 and August 8, 2020 and are marked with a specific press identification number.
How reliable are Firestone tires?
While it doesn’t boast quite the same reputation as Michelin or Goodyear, Firestone is well-regarded by tire industry experts. Firestone tires have treadwear warranties up to 70,000 miles and limited warranties for three to four years. When it comes to tires, Firestone is a household name.
Did a Ford marry a Firestone?
Martha Parke Firestone Ford (born September 16, 1925) is an American businesswoman and former principal owner and chairperson of the Detroit Lions of the National Football League (NFL)….
| Martha Firestone Ford | |
|---|---|
| Spouse(s) | William Clay Ford Sr. ( m. 1947; died 2014) |
Which tires are being recalled by Firestone?
All such ATX and ATX II tires are being recalled, but only those Wilderness AT tires that also have a Transportation Department 10-digit designation starting with the letters VD are being recalled. Several lawsuits have been filed against Firestone, on behalf of consumers, contending that all the Wilderness tires should be replaced.
What is the warranty on Firestone tires?
LIMITED WARRANTY. This Limited Warranty covers new BRIDGESTONE, FIRESTONE and PRIMEWELL brand passenger and light truck tires. See “Other Brands’ Warranties” section below for applicable warranty information on different brand passenger or light truck tires purchased from Bridgestone or Firestone locations.
What is the history of Firestone tires?
The Firestone Tire and Rubber Company is an American tire company founded by Harvey Firestone in 1900 to supply pneumatic tires for wagons, buggies, and other forms of wheeled transportation common in the era.
