Cash Injection For Firestone From Parent

The Bridgestone Corporation is to inject $1.3 billion (1.46 bn Euro) into its North American subsidiary, which is expected to post a loss of $1.

6 billion for this year. Debts currently stand at $2.7 billion and BF Inc.

has suffered from costs involved in the closure of its Decatur plant, litigation costs and falling sales following the recall. It was announced that BF Inc. is to be reorganised under a holding company structure and Bridgestone President Shigeo Watanabe is optimistic that the company would soon return to profitability, saying that the company “has become a leaner and more efficient organisation”.