What a day for Goodyear. Yesterday the company announced that it would be scaling back second-quarter tire production. Hours later it announced that it was teaming up with Ford to ramp up production to fill recall demand.
Wheels go both ways.
Behind every cloud there's an Aquatred lining. But like any troubled relationship, it's not as if we didn't see the end coming. As the tragic results of Ford Explorer tire blowouts began to mount last year, the August recall left each side blaming the other. Yesterday, Ford announced that it would be calling back all 13 million Firestone Wilderness AT tires. Ford and Bridgestone, Firestone's parent company, are still pointing fingers at each other, but they will be doing so from afar.