Japan's Bridgestone more than halves value of bond offering to $350 million, say sources

TOKYO (Reuters) -Japanese tyre maker Bridgestone has more than halved the value of a planned bond offering to about 50 billion yen ($350.56 million) as underwriters continue to gauge demand for the issuance, two sources with knowledge of the matter said. The company has also decided to do away with the proposed seven-year term in the bond offer series that also included other tenors, said the sources, who declined to be named as the information is not public. Bridgestone declined to comment on the operation.

Bridgestone (BRDCY) Moves 5.8% Higher: Will This Strength Last?

Bridgestone (BRDCY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Tyre maker Bridgestone to cut 546 jobs in Spain on uncertainty, competition

MADRID (Reuters) -Japanese tyremaker Bridgestone said it plans to cut jobs at two factories in northern Spain in reaction to an adverse evolution of the European market and the rise of non-European products. The company plans to cut 546 jobs at two factories making tyres for tractors, other farm vehicles, buses and trucks in Cantabria and the Basque Country in northern Spain, local union UGT said on Tuesday. UGT and other unions have said they will call for a strike at the two factories, without providing details.

Is Bridgestone (BRDCY) Outperforming Other Auto-Tires-Trucks Stocks This Year?

Here is how Bridgestone Corp. (BRDCY) and Dana (DAN) have performed compared to their sector so far this year.

Has Bridgestone (BRDCY) Outpaced Other Auto-Tires-Trucks Stocks This Year?

Here is how Bridgestone Corp. (BRDCY) and Dana (DAN) have performed compared to their sector so far this year.

Bridgestone to shutter Tennessee radial tire plant

The LaVergne facility closure is part of the manufacturer's cost-savings plan as companies prepare for tariff uncertainty.

BRDCY or LI: Which Is the Better Value Stock Right Now?

BRDCY vs. LI: Which Stock Is the Better Value Option?

Bridgestone and Komatsu partner to optimise mining truck tyre efficiency

Bridgestone's iTrack system monitors tyre data to optimise mining operations.

Bridgestone to close LaVergne tyre plant

Closure is part of a broader efficiency drive.

Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions.

Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company announced in a news release. Bridgestone said the closure will help the company “optimize its business footprint” and “strengthen its competitiveness.” In addition, Bridgestone announced capacity and workforce reductions at its Des Moines, Iowa, agriculture tire plant and additional workforce reductions in U.S. corporate, sales and operations.

Bridgestone offers buyouts to workers at Iowa tractor tire plant

The offers come in response to a down farm economy that has rattled John Deere, CNH and other tractor makers.

Bridgestone to invest $175m to boost premium tyre production in Japan

The investment targets Hikone, Tosu, and Tochigi plants, which produce high rim diameter tyres for premium passenger cars.

Japanese sponsors Toyota, Bridgestone and Panasonic end Olympic contracts

The International Olympic Committee's three major Japanese sponsors — Toyota, Panasonic and Bridgestone — are terminating their contracts. Japanese sponsors have turned away from the Olympics, likely related to the one-year delay in holding the 2020 Tokyo Olympics. The delay reduced sponsors’ visibility with fans not allowed to attend competition venues, increased costs, and unearthed a myriad of corruption scandals around the Games.

Firestone remains Indycar's tire supplier under Bridgestone and Penske deal

J.B. Hunt partnership with Kodiak reaches 50,000-mile milestone

J.B. Hunt announced the completion of 50,000 autonomous long-haul trucking miles in a collaboration with autonomous trucking company Kodiak Robotics and Bridgestone Americas. The post J.B. Hunt partnership with Kodiak reaches 50,000-mile milestone appeared first on FreightWaves.

J.B. Hunt, Kodiak break 50,000-mile mark on autonomous lane

J.B. Hunt and autonomous truck maker Kodiak Robotics have executed more than 50,000 accident-free miles on a long-haul lane between Bridgestone facilities. The post J.B. Hunt, Kodiak break 50,000-mile mark on autonomous lane appeared first on FreightWaves.