Takata Corp

Honda restates earnings after airbag recall costs increase

6:29 am U.S. ET | June 26, 2015

Honda restated its financial results for the fiscal year ended in March, to account for additional costs to cover an expanded recall of cars equipped with Takata airbags....
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Takata cuts CEO's pay in wake of airbag crisis

6:57 am U.S. ET | June 26, 2015

Takata CEO Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed today....
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Takata president makes public apology for airbag deaths

6:17 am U.S. ET | June 25, 2015

Takata President Shigehisa Takada made a public apology for the eight deaths and hundreds of injuries related to the company's airbags dating back more than a decade. Takada, 49, bowed and apologized at a press briefing in Tokyo after the company's annual shareholders meeting today....
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Toyota expands airbag recall to Europe

June 25, 2015 08:56 CET

Toyota is expanding a recall previously issued in North America to the rest of the world to replace potentially deadly airbag inflators made by Takata. Toyota said it would recall another 2.86 million vehicles, including 1.7 million in Europe, 360,000 in Japan and 190,000 in China....
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Senator calls for compensation fund for Takata airbag injury victims

10:00 am U.S. ET | June 23, 2015

An influential U.S. senator today called for troubled supplier Takata to establish a fund to compensate victims injured or killed by its ruptured airbags. Richard Blumenthal, D-Conn., pressed Kevin Kennedy, executive vice president for Takata's North American affiliate, to establish a fund similar to the one created by GM last year....
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NHTSA, blasted in audit, vows to reform early-warning system

1:27 pm U.S. ET | June 22, 2015

The National Highway Traffic Safety Administration said it will tighten its early-warning reporting requirements by next June as part of sweeping changes it has agreed to make following a blistering audit by the U.S. Transportation Department's Office of Inspector General....
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Honda confirms 8th fatality from exploded Takata airbag

6:34 pm U.S. ET | June 19, 2015

Honda confirmed an eighth fatal victim of a ruptured Takata airbag inflator after completing the investigation of a September crash in Los Angeles....
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NHTSA compiles Takata recall data from automakers

10:13 am U.S. ET | June 18, 2015

Automakers affected by the Takata airbag inflator recall have loaded the ID numbers of millions of recalled vehicles into a searchable system, allowing consumers and government officials to examine the data, U.S. safety regulators said on Wednesday....
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Toyota recalls 1.37M more vehicles for airbags

2:14 pm U.S. ET | June 16, 2015

Toyota said it will increase the number of U.S. recalls involving potentially deadly front passenger-side airbags made by Takata by almost 1.37 million vehicles....
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Honda, reeling from recalls, hands reins to insider

6:35 am U.S. ET | June 15, 2015

Honda is turning to an insider who's spent his entire career at the company to navigate out of a global auto safety crisis, after seven people died in its cars. Takahiro Hachigo this week becomes the eighth president of one of Japan's most renowned companies....
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Honda recalls 1.39 million vehicles for passenger airbag flaw

5:31 pm U.S. ET | June 15, 2015

American Honda said it will recall about 1.39 million vehicles with faulty passenger-side airbags made by Takata....
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Honda confirms 7th death from Takata airbags

2:03 pm U.S. ET | June 12, 2015

American Honda confirmed today that a Takata airbag explosion was behind the April death of a Louisiana woman, bringing the number of deaths linked to defective airbags from Takata to seven....
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Honda will take further charges of $363 million for Takata airbag recalls

7:14 am U.S. ET | June 12, 2015

Honda said it would restate its financial results for the last business year, to account for $363 million in additional costs to pay for an expanded recall of cars equipped with Takata airbag parts....
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Confusion clouds count of cars hit by Takata airbag recall

6:35 pm U.S. ET | June 10, 2015

The number of vehicles on U.S. roads with potentially defective Takata airbags appears to be less than half the 34 million initially estimated by federal regulators. Reuters analysed recall records submitted to the watchdog and confirmed by the car companies....
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Honda driver's death in La. may be 7th from recalled Takata airbags

6:40 am U.S. ET | June 10, 2015

A Louisiana woman who got an airbag recall notice for her 2005 Honda Civic two days after the crash that killed her may be the seventh fatality linked to the defective Takata safety device....
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EDITORIAL

Takata opens up, and it's terrifying

12:01 am U.S. ET | June 8, 2015

The deeper investigators dig into the Takata airbag recall, the worse it gets....
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NHTSA takes charge; Takata plays second fiddle

12:01 am U.S. ET | June 7, 2015

Last month's consent decree between NHTSA and Takata has already changed the course and pace of what will be one of the largest and most complex recalls in U.S. history....
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Takata will give quality chief more authority with board role

4:45 am U.S. ET | June 5, 2015

Takata, the troubled Japanese supplier behind the massive global airbag recall crisis, will give the executive in charge of quality assurance, Hiroshi Shimizu, more authority by naming him to the board of directors....
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Takata identifies at least 400,000 faulty airbag replacement parts, report says

12:31 pm U.S. ET | June 4, 2015

At least 400,000 of the 4 million replacement inflators for defective Takata airbags will need to be replaced again in U.S. vehicles, sources at NHTSA and the Japanese safety equipment maker told Reuters....
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Takata plans to 'transition' away from ammonium nitrate in airbags

3:18 pm U.S. ET | June 2, 2015

Takata plans to “transition” away from using a volatile chemical in its airbag inflators, a top executive from the embattled supplier told a panel of U.S. lawmakers on Tuesday....
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Takata will drop a troublesome airbag inflator design

3:53 pm U.S. ET | June 1, 2015

Takata will stop producing one type of driver-side airbag inflator that's used in more than 17 million U.S. vehicles covered by its expanded recalls, a top Takata executive plans to tell lawmakers on Tuesday....
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Key Safety will ramp up airbag inflator production

12:01 am U.S. ET | June 1, 2015

Automotive safety components supplier Key Safety Systems will ramp up production of airbag inflators beginning in December....
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Key Safety ramps up airbag inflator production

4:10 pm U.S. ET | May 28, 2015

Automotive safety components supplier Key Safety Systems said today it will ramp up production of airbag inflators beginning in December....
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Honda expands airbag recall in Japan

4:32 am U.S. ET | May 28, 2015

The global Takata airbag recall widened again today with Honda calling back another quarter million vehicles in Japan equipped with possibly defective airbag inflators....
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BMW recalls vehicles with Takata airbags

May 28, 2015 21:31 CET

BMW is recalling 420,661 vehicles in the U.S. due to issues involving Takata airbags. The automaker is recalling 20 models to replace driver-side front airbag inflators....
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