Takata's fight for survival gets even harder as airbag recall widensWed, 04, May 2016
The world's largest automotive safety recall is about to get even bigger, adding to the hurdles that Japanese airbag supplier Takata is battling to survive the crisis.
U.S. orders massive expansion of Takata recallsWed, 04, May 2016
U.S. auto safety regulators ordered a dramatic expansion of the Takata airbag inflator recalls today, more than doubling the number of hazardous parts covered by the callbacks in a move that the auto industry will spend the next several years sorting out.
Takata poised to recall another 35-40 million U.S. airbag inflators, reports sayTue, 03, May 2016
Under pressure from U.S. regulators, Japanese airbag manufacturer Takata is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, according to several media reports today.
Takata sets aside additional $189 million to cover airbag recall costsMon, 02, May 2016
Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's history will expand further.
Stop-sale backlog hits public groups' earningsMon, 02, May 2016
Several publicly traded dealership groups noted that cars and truck languishing for months on their lots under stop-sale orders due to recalls hurt their first-quarter earnings. The problem could linger into 2017.
Mazda sees operating profit falling 25% this fiscal yearWed, 27, Apr 2016
Mazda said it expects its operating profit to fall 25 percent in the current fiscal year because of a stronger yen and a slowdown in China and other emerging economies.
U.S. says 85 million Takata airbags may still face recallWed, 13, Apr 2016
U.S. auto safety regulators say there are about 85 million unrecalled Takata airbag inflators in U.S. vehicles that would eventually need to be recalled unless the company can prove they are safe.
Takata projects burning 24% of cash over next 12 months, report saysWed, 13, Apr 2016
Takata, the airbag supplier behind the auto industry’s largest overall recall, projected burning through almost a quarter of its cash over the next year if repairs continue at the current pace, a person familiar with the matter told Bloomberg.
Takata said to seek backer to help pay for airbag recallsTue, 12, Apr 2016
Embattled airbag maker Takata has begun looking for a financial backer amid a global recall of its potentially lethal airbags, and plans to draw up a list of candidates by August, two people familiar with the matter told Reuters.
Honda recalls older Accords with incorrect airbag modulesMon, 11, Apr 2016
Honda said it is recalling more than 11,000 decade-old Accord sedans, some of them for the fifth time since 2014, after dealers found the Japanese automaker originally had installed the wrong Takata airbag inflators in some cars.
Honda recalls 143,000 vehicles in Japan after airbag fails to deployFri, 08, Apr 2016
Honda recalled about 143,000 vehicles in Japan after an airbag fitted with an inflator made by Daicel failed to deploy in a collision in which the driver was injured.
Honda, U.S. say new Takata airbag death reported in TexasWed, 06, Apr 2016
Honda and U.S. regulators said a 17-year-old driver in Texas was killed last month after a Takata airbag ruptured, marking the tenth U.S. death linked to a defect that has led to the recall of tens of millions of vehicles worldwide.