Bridgestone/Firestone pays $41.5 million in settlement. (Corporate, financial news).Bridgestone/Firestone, Nashville, TN, will pay $41.5 million in a settlement to head off lawsuits by states over defective tires the company recalled more than a year ago. Each of the 50 states, Washington, D.C., Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the Virgin Islands will get $500,000. Bridgestone/ Firestone fire·stonen. 1. A flint or pyrite used to strike a fire. 2. A fire-resistant stone, such as certain sandstones. Noun 1. will also spend $5 million on a consumer education campaign and $10 million to reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. attorneys' fees for the states. Bridgestone/Firestone announced a recall of 6.5 million ATX See ATX motherboard. (hardware, standard) ATX - An open PC motherboard specification by Intel. ATX is a development of the Baby AT specification with the motherboard rotated 90 degrees in the chassis. , ATX II and Wilderness AT tires August 9, 2000 after receiving reports that some tires suddenly failed. |
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