Modern Tire Dealer had the opportunity to sit down with Gordon Knapp, CEO and president of Bridgestone Americas Inc., at the company’s recently held consumer tire business meeting in Los Angeles. Knapp took over this position in September when Gary Garfield retired.
By 2020, Bridgestone Corp. will either upgrade or replace 100% of its products. It can do that in part because it spends $1 billion: a year on research and development.
The bidding over Pep Boys-Manny, Moe & Jack was similar to a boxing match, with Carl Icahn finally knocking out Bridgestone Americas Inc.
Carl Icahn seems to embrace publicity. It is in the best interest of Icahn Enterprises LLC, the company that is bidding on Pep Boys-Manny, Moe & Jack.
With Carl Icahn’s pursuit of Pep Boys-Manny, Moe & Jack dominating the news, I checked The Forbes 400 list to get an idea of how wealthy he really was. Forbes lists him as 22nd on the list with a net worth of $20.5 billion.
It looks like the bidding for Pep Boys-Manny, Moe & Jack is over. The winner? Bridgestone Corp. (or Bridgestone Americas Inc. or Bridgestone Americas Retail Operations LLC).
Bridgestone Americas Inc. is one step closer to acquiring Pep Boys-Manny, Moe & Jack. The waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 (HSR Act), as amended, has been terminated with respect to the cash tender offer by Bridgestone's wholly owned subsidiary, TAJ Acquisition Co., to purchase all of the outstanding shares of Pep Boys.
In recognition of National Tire Safety Week, Bridgestone Americas is urging drivers to spend a few minutes this week properly maintaining their tires for optimal performance, fuel economy, and to extend the wear and service life of their tires.
Winter tire shipments fell from 5.3 million units in 2012 to 4.6 million units in 2013, a 13.2% drop, according to Modern Tire Dealer statistics. The decline was sharper the prior year when winter tire shipments fell 14.5% from 2011’s 6.2 million units. But several tire manufacturers and marketers believe this year’s relentless, often record-breaking winter storms will help push winter tire sales upward in the coming season.
In response to Bridgestone Corp.’s Nov. 7, 2013, voluntary safety recall of various truck and bus tires announced in Japan, Bridgestone Americas (BSA) is recalling approximately 2,600 units which were produced at Bridgestone’s plant in Tochigi, Japan, and sold in Guam, Canada, Mexico, Central and South America.
Bridgestone Retail Operations LLC (BSRO) projects it will open 45 new tire and automotive service centers across the United States this year. It currently owns and operates 2,222 stores.
A nationwide survey commissioned by Bridgestone Americas Inc. shows texting and other distracted driving behaviors are becoming socially unacceptable among teen drivers. The company is sponsoring a scholarship contest to encourage teens to drive responsibly.
Bridgestone Americas Tire Operations LLC (BATO) has named Matthew Stevenson vice president of marketing for its commercial tire division. The appointment was effective March 1, 2013.