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.
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
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