Bridgestone to close plant in wake of tire scandal

TOKYO, Japan - Shigeo Watanabe, president of Bridgestone Corp., Japan's biggest tire maker, speaks at a press conference in Tokyo on June 27 about the company's plan to shut down its Firestone plant in Decatur, Illinois, to help it recover from the tire recall scandal. He also said that the company will fall into the red on a parent-only basis in fiscal 2001 for the first time since 1961.