Takata Corp

Honda crash death exposes weaknesses in recall system

2:24 pm U.S. ET | Jan. 30, 2015
The driver of a 2002 Honda Accord who died earlier this month in a crash involving a ruptured Takata airbag inflator hadn't been notified that his vehicle was recalled in June 2014 for the suspect inflators, a Honda spokesman said. The fatal crash in Texas marked the sixth death linked to inflators made by Takata and highlights some of the pitfalls of the current vehicle recall system....
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Honda cuts profit target as Takata airbag recalls bite

2:52 am U.S. ET | Jan. 30, 2015
Honda sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty airbags made by Takata. Honda also said third-quarter earnings fell 23 percent as it soaked up recall costs....
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THE TAKATA RECALL CRISIS

U.S. safety regulators seek Takata whistleblowers

2:10 pm U.S. ET | Jan. 29, 2015
Federal safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata, stepping up pressure on the airbag maker whose products are linked to five deaths and dozens of injuries....
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Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015
Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials....
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Honda signals shift from Takata, hires rival to supply Accord airbags, report says

12:19 pm U.S. ET | Jan. 23, 2015
Honda has chosen a competitor of embattled Takata to supply airbags for the next North American version of its Accord sedan, the automaker's best-selling vehicle, two people with knowledge of the decision told Reuters...
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Takata executive indicted in U.S. for fixing prices of seat belts

1:55 pm U.S. ET | Jan. 22, 2015
An executive at embattled Japanese auto supplier Takata was indicted today for conspiring to fix the prices of seat belts sold to carmakers, the US Justice Department said....
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Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices....
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THE TAKATA AIRBAG RECALL

Takata airbag review panel members named by Skinner

10:52 am U.S. ET | Jan. 20, 2015
Former Transportation Secretary Samuel Skinner said six experts -- including Cerberus Chairman John Snow -- will serve on an independent panel that will oversee Takata's efforts to ensure that its airbag inflators meet federal safety standards....
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Japan's Daicel to lift inflator output after Takata recalls

8:48 pm U.S. ET | Jan. 19, 2015
Japan's Daicel said it would boost production of airbag inflators to meet demand for the component at the heart of rival Takata's quality problems, which have led to the recall of more than 24 million vehicles worldwide since 2008....
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THE TAKATA RECALL CRISIS

Takata recalls prompt Japan to consider supplier regulations

6:34 am U.S. ET | Jan. 16, 2015
Japanese Transport Minister Akihiro Ohta said today his ministry was considering whether to revise existing laws to beef up oversight of auto suppliers in the wake of massive recalls of Takata airbags....
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Autoliv has contracts for 25 million replacement Takata airbag inflators

12:39 pm U.S. ET | Jan. 15, 2015
Autoliv, the world’s largest supplier of automotive airbags, says it has signed contracts with several automakers to deliver up to 25 million inflators to fix potentially defective airbags produced by Takata....
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Honda's Ito vows to scrutinize operations, raise quality

6:20 am U.S. ET | Jan. 9, 2015
Honda President Takanobu Ito, beset by record recalls last year, told suppliers the carmaker will examine operations to improve quality and safety standards....
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Honda agrees to pay $70 million in U.S. fines for under-reporting death, injury claims

12:33 pm U.S. ET | Jan. 8, 2015
Honda agreed to pay a record $70 million in fines and submit to stricter oversight for failing to tell the US government about warranty claims and more than 1,700 injuries and deaths linked to potential defects in its cars....
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Takata stock rises after lender expresses support

6:33 am U.S. ET | Jan. 8, 2015
Shares in Takata, the maker of airbags that led to millions of vehicle recalls by global carmakers, rose to the highest price in more than two months as a major lender said it would support the troubled supplier should it fail....
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Rosekind says NHTSA must improve defect analysis system

9:28 pm U.S. ET | Jan. 6, 2015
Improving the National Highway Traffic Safety Administration's vehicle defect analysis and recall system is the top priority of the agency's new administrator, who also vowed to petition Congress for additional resources and authority to bolster the agency....
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2014 LISTS OF 10

Top stories of 2014

12:01 am U.S. ET | Dec. 29, 2014
The U.S. auto industry returned to full-fledged prosperity in 2014, racking up prerecession sales accompanied by rising transaction prices. But the year was punctuated by grim news, as two lethal product defects were linked to dozens of deaths....
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Takata N.A. unit hires new general counsel amid airbag crisis

10:56 am U.S. ET | Dec. 29, 2014
Takata -- the Japanese supplier at the center of a global airbag recall scandal -- named a new general counsel for its North American operations....
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Exit at Takata puts crisis in family control

12:01 am U.S. ET | Dec. 29, 2014
Stefan Stocker, the Takata president who was brought in to inject more transparency and openness into the family-controlled auto supplier, is out after less than two years at the company. That puts CEO Shigehisa Takada, the 48-year-old grandson of Takata's founder, solely in control of the response to an escalating safety crisis involving airbag defects....
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Takata president steps down from role, CEO to reclaim title

6:19 am U.S. ET | Dec. 24, 2014
Takata, the auto supplier embroiled in a global safety crisis, said today its president, Stefan Stocker, would step down and CEO Shigehisa Takada, 48, would once again assume the role to unify the company's response to the recall of millions of vehicles carrying defective airbags....
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Growing list of safe cars belies fears in record recalls

6:22 am U.S. ET | Dec. 23, 2014
The insurance industry's list of cars and trucks that do the best job of keeping owners alive in a crash jumped 82 percent this year against a backdrop of US recalls of older models that were killing their passengers....
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BMW expands NHTSA-ordered Takata airbag recall

3:32 pm U.S. ET | Dec. 22, 2014
BMW AG today expanded its recall nationally to include another 140,000 vehicles that have potentially faulty driver-side airbags, in cooperation with NHTSA. BMW is the last of five automakers to expand Takata driver-side airbag recalls after NHTSA’s orders last month...
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TAKATA AIRBAG CRISIS

Older vehicles can escape recalls' nets

12:01 am U.S. ET | Dec. 22, 2014
The biggest problem for Honda and other automakers involved in the Takata recalls are older used cars that can be difficult to track down....
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When recalls go to court, NHTSA tends to win

12:01 am U.S. ET | Dec. 22, 2014
If history is any guide, fighting the National Highway Traffic Safety Administration over recalls in court is a losing battle....
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Japan's laws, attitude help recalls work better

12:01 am U.S. ET | Dec. 21, 2014
In Japan, automakers achieve recall rates that automakers in North America could only dream of....
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TAKATA AIRBAG CRISIS

Honda dealers face recall phone blitz

12:01 am U.S. ET | Dec. 20, 2014
Suppliers, regulators, automakers and consumers are struggling to understand the scope and implications of a defect in Takata airbags that has led to recalls of millions of vehicles. For Honda and Acura dealers, it's a chore just to keep up with the phone calls....
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