Takata will file for bankruptcy on Monday, report says

Takata will seek bankruptcy protection from creditors on Monday, Reuters reported, as the Japanese company whose defective airbag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide faces billions of dollars in liabilities stemming from the biggest recall in automotive history.

Smart prices 2017 electric 2-seat coupe from $24,550

As it goes to an all-electric strategy, Smart USA is dropping the price of its redesigned 2017 Smart Electric Drive coupe by $1,200 when it goes on sale this summer.