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WASHINGTON, United States (AFP) — Honda said Friday it will recall 1.6 million vehicles in the US as it moves toward wrapping up the process of replacing defective Takata air bags in cars sold in America. Honda said the plan involves Honda and Acura vehicles with air bag inflators used in earlier recall repairs. The company said this recall is being done six months ahead of a deadline set by the US National Highway […]
SHANGHAI, China (AFP) — Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday. The US giant has already announced the recall of some Model S vehicles as part of a global industry-wide rooting out of parts made by Takata, which went bust in 2017 after its airbags were blamed for a number of deaths. The affected vehicles […]
WASHINGTON, United States (AFP) — Japanese carmaker Honda reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads, the legal team for the victims said Friday. Honda joins Nissan, Toyota, BMW, Mazda and Subaru in agreeing a deal to settle a lawsuit, replace the defective airbags from now-bankrupt Takata, and to compensate car owners. The latest agreement was filed in the US District Court in Miami. Peter […]
(Reuters) — Embattled airbag maker Takata Corp on Monday (June 26) filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS). The KSS deal would help it deal with the fallout from its defective airbag inflators at the center of the global auto industry’s biggest ever recall, Takata CEO Shigehisa Takata said in a news conference in Tokyo on […]
TOKYO, Japan (AFP) — Tokyo stocks slipped Thursday morning with troubled airbag supplier Takata diving by more than half as it appeared to be headed for bankruptcy court. The benchmark Nikkei 225 index lost 0.10 percent, or 20.54 points, to sit at 20,118.25 by the break, while the Topix index of all first-section issues edged down 0.03 percent, or 0.42 points, to 1,611.14. © Agence France-Presse
TOKYO, Japan (AFP) — Tokyo stocks rose Friday as the benchmark index snapped a four-day losing streak, while trading in Takata was suspended on news the embattled airbag maker is headed for bankruptcy protection. The Nikkei 225 added 0.56 percent, or 111.44 points, to close at 19,943.26, while the broader Topix index of all first-section issues gained 0.50 percent, or 7.95 points, to finish at 1,596.04. © Agence France-Presse
TOKYO, Japan (AFP) — Japan’s scandal-hit airbag maker Takata is expected to file for bankruptcy protection as early as this month as it prepares to sell its assets to a United States company, a report said Friday. Takata will make a formal decision about the bankruptcy filing at its board meeting this month, the leading business daily Nikkei reported, without citing sources. American autoparts maker Key Safety Systems, owned by China’s Ningbo Joyson Electronic, will […]
KUALA LUMPUR,Malaysia (AFP)–Honda announced Monday that an airbag made by Japan’s Takata exploded after a minor crash in Malaysia where the driver was killed after suffering chest injuries. There have been 13 deaths worldwide linked to faulty Takata airbags in Honda vehicles but the carmaker said “no official cause of death has been yet determined” in the latest incident. “Honda has confirmed that the Takata single stage driver’s airbag inflator ruptured in a crash,” it […]
TOKYO, Japan (AFP) 5/26/2016 -Takata shares skyrocketed in afternoon trade Thursday, following a report that US private equity firm KKR wants to take control of the embattled airbag supplier. Kohlberg Kravis Roberts (KKR) is looking to take over up to 60 percent of the company from the founding family, Japan’s leading business paper the Nikkei reported, prompting Takata’s shares to surge 21.16 percent to 458 yen at the Tokyo Stock Exchange. The rise is a […]
LOS ANGELES, United States (AFP) 5/24/2016 – Toyota said it will recall nearly 1.6 million more vehicles in the United States to correct possible defects in front passenger air bag inflators made by the Japanese company Takata. The decision, which was announced Monday, was made based on recent information from both Takata and the US National Highway Traffic Safety Administration (NHTSA), Toyota said in a statement. In early May, US auto safety regulators ordered Takata to recall […]
TOKYO, Japan (AFP) — Tokyo stocks slipped Friday as traders returned from a three-day break, with Takata hammered by news US regulators had ordered it to expand recalls of faulty airbags blamed for at least 13 deaths globally. The US National Highway Traffic Safety Administration on Wednesday ordered the embattled company to recall between 35 and 40 million more airbags installed in US cars. That is on top of the 50 million already recalled globally, including […]
(Reuters) The U.S. Transportation Department confirmed on Wednesday that automakers will recall another 35 million to 40 million U.S. air bag inflators installed by Takata Corp by 2019. The government confirmed figures reported by Reuters Tuesday about the expansion of what is already the largest ever U.S. auto safety recall. Previously, 14 automakers had recalled 24 million vehicles with 28.8 million inflators linked to at least 11 deaths.
