NASHVILLE, Tenn. (Oct. 9)—Bridgestone Corp. will take a charge against earnings of approximately $30 million to cover costs associated with the latest recall, involving some 768,000 Firestone Wilderness AT tires. Published reports from Japan put the charge at $30 million, but a spokeswoman for Nashville-based Bridgestone/Firestone Inc. said the company estimates the replacement program "will cost less than $30 million." In its long-awaited report closing an investigation of the Firestone light truck tires, NHTSA determined that the tires—sizes P235/75R15 and P255/70R16—can develop weak spots around their circumference because of high stress at the belt edge, leading to tread separation. Bridgestone/Firestone produced some 3.5 million of these tires, according to NHTSA, but the tire maker estimates only about 768,000 of the tires are still in use.
Latest Bridgestone recall estimated to cost $30 million
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