Subsidiary | |
Industry | Manufacturing |
Founded | Akron, Ohio, United States (August 3, 1900 ) |
Founder | Harvey Firestone |
Headquarters | 200 4th Ave S, Nashville, Tennessee, United States |
Area served
|
Worldwide |
Key people
|
|
Products | Tires |
Revenue | US$ 2.09 billion (2004) |
Number of employees
|
40,000 |
Parent | Bridgestone (1988–present) |
Website | firestone |
The Firestone Tire and Rubber Company is an American tire company founded by Harvey Samuel Firestone in 1900 to supply pneumatic tires for wagons, buggies, and other forms of wheeled transportation common in the era. Firestone soon saw the huge potential for marketing tires for automobiles. The company was a pioneer in the mass production of tires. Harvey Firestone had a friendship with Henry Ford. Firestone used this relationship to become the original equipment supplier of Ford Motor Company automobiles, and was also active in the replacement market.
In 1988, the company was sold to the Japanese Bridgestone Corporation.
Firestone was originally based in Akron, Ohio, also the hometown of its archrival, Goodyear Tire and Rubber Company, and another two mid-sized competitors, General Tire and Rubber and BF Goodrich. Founded on August 3, 1900, the company initiated operations with 12 employees. Together, Firestone and Goodyear were the largest suppliers of automotive tires in North America for over 75 years. In 1906 Henry Ford chose Firestone for Model T original equipment tires.
In 1918, Firestone Tire and Rubber Company of Canada was incorporated in Hamilton, Ontario and in 1922, the first Canadian-made tire rolled off the line on September 15. During the 1920s, Firestone produced the Oldfield tire, named for racing driver Barney Oldfield.
In 1926, the company opened one of the world's biggest rubber plantations in Liberia, West Africa, spanning more than 1 million acres. 1926 was also the year that the company opened its first Firestone Complete Auto Care store (Firestone Complete Auto Care is a division of Firestone that offers automotive maintenance and repair).