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MercoPress, en Español

Montevideo, November 22nd 2024 - 03:28 UTC

Tag: Bridgestone

  • Tuesday, May 24th 2016 - 08:30 UTC

    US tire maker leaves Venezuela after six decades in the country

    Bridgestone says the sale will have no financial impact because it already has written off its investments in the crisis-wracked country.

    United States tire maker Bridgestone is selling its business in Venezuela after six decades in the country, the latest blue chip company to abandon the country as a result of runaway inflation and strict currency controls. Bridgestone Americas said in a statement Monday that it is selling its Venezuela assets to Grupo Corimon, a local industrialist. It says the company will be called Alice Neumaticos de Venezuela.