Takata pleads guilty to U.S. fraud charge linked to faulty airbags
UPDATED: 2/27/17 6:39 pm ET -- adds details
Takata pleaded guilty to a felony charge as part of an expected $1 billion deal with the Justice Department that includes compensation funds for automakers and victims of its faulty airbag inflators. The plea removes a major obstacle to the potential sale or restructuring of the embattled Japanese supplier, which is expected to intensify a search for a buyer or financial backer.
Geely to unveil first Lynk model at Shanghai auto show
Geely will showcase its first model for Lynk & CO -- the 01 compact crossover -- at the Shanghai auto show in April. It will go on sale in China in the fourth quarter of 2017, followed by Europe and the U.S. in the first quarter of 2019. Originally, Lynk was to debut in Europe and the U.S. in 2018.