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Interview

Bridgestone to sell off noncore US unit as red ink looms

Firestone Building Products lacks synergy for faltering tire giant, CEO says

Bridgestone is looking to unload its construction materials business in the U.S. due to a lack of synergy with its main tire business.   © Reuters
EMI OKADA and SHIZUKA TANABE, Nikkei staff writers | Japan

TOKYO -- Bridgestone plans to auction off Firestone's construction material subsidiary as part of a wider cost-cutting effort to recover from its first anticipated annual loss in 69 years, CEO Shuichi Ishibashi told Nikkei in an exclusive interview Friday.

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