TOKYO (Nov. 1)—The price of Bridgestone Corp. shares climbed more than 12 percent in trading Nov. 1 after reports surfaced that Bridgestone and Ford Motor Co. executives might meet soon to discuss mending severed relations. The stock also received a boost when Goldman Sachs Group Inc. upgraded it. The price of a share ended the day at 1,297 yen ($10.63). On Oct. 31, Japan's Nihon Keizai Shimbun business daily reported Ford's new management team had approached Bridgestone informally about possible meetings to discuss their differences. Bridgestone ended its original equipment supply to Ford in the Americas May 21 after Ford revealed it wanted to recall 13 million Firestone tires. Separately, William Clay Ford Jr., Ford's new CEO, was quoted in the "New York Times," saying "I would like to have a constructive relationship with Firestone, with Bridgestone, the parent company. Whether that's possible, I´d certainly be open to it."
Bridgestone share price rises
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