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Com­pa­ny began major restruc­tur­ing last year includ­ing clo­sure of plant in Decatur, IL
“I’m con­vinced we have emerged from the recall stronger than we’ve ever been before… Not one major deal­er of ours switched brands because of the recall.” — John Lampe, CEO, Bridge­stone-Fire­stone
Significant Points
Bridge­stone-Fire­stone still divorced from Ford fol­low­ing 95-year rela­tion­ship
J.P. Mor­gan Secu­ri­ties says com­pa­ny has enough cash for any recall legal prob­lems
Tire­mak­er already set­tled with states attor­neys gen­er­al for $41.5M to end law­suits
Com­pa­ny lost >$1B last year; ana­lysts expect prof­itable 2002
NHTSA fin­ished 16-mo inves­ti­ga­tion of Fire­stone Steel­tex tires w/ no evi­dence of design defect

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