Manufacturing

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.

 

Mexico warns U.S. it'll cut off NAFTA talks if tariffs proposed

Mexico's top trade negotiator doubled down on threats to break off talks to rework NAFTA, saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border.

Can Continental score big with 48-volt hybrids?

Continental's previous hybrid solutions failed to win over automakers because they were too "exotic," the supplier's powertrain boss, Jose Avila,

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