Kaizaki Dismisses Bankruptcy Rumours

At a press conference, Bridgestone president Yoichiro Kaizaki dismissed rumours that claims for damages in the USA could force Bridgestone/Firestone Inc. into bankruptcy. The company has set aside $450 million to cover claims and any extra needed could come from the US company’s reserves, estimated at $2.

3 billion. Despite the reassurance, Bridgestone shares fell by over 13 per cent in Tokyo..