NEW YORK (CNNfn) - Senate Commerce Committee chairman John McCain plans to summon top executives of Ford Motor Co. and Bridgestone/Firestone Inc. to testify about their handling of the massive tire recall that has roiled both companies, the Wall Street Journal reported in its online edition Thursday.|
The Arizona Republican plans to invite Ford Chief Executive Jacques Nasser, Bridgestone/Firestone Executive Vice President John Lampe, officials with the National Highway Traffic Safety Administration and consumer advocates to the Sept. 6 hearing, a congressional staff member told the Journal.
The hearing will be the first chance for lawmakers to question executives and federal officials on the Bridgestone/Firestone recall, which included 6.5 million 15-inch ATX, ATX II and Wilderness tires, mounted on Ford's popular Explorer sport-utility vehicles. Bridgestone/Firestone announced the recall earlier this month, after widespread publicity of fatal accidents reportedly linked to treads' peeling off the tires.
The chairman of the House subcommittee on consumer affairs, Rep. Billy Tauzin (R., La.), has indicated he also will hold hearings, though no date has been announced, the Journal said.
Shares of Ford (F: Research, Estimates) fell 5/8 Wednesday to 27-3/8.