Takata pleads guilty to U.S. fraud charge linked to faulty airbagsMon, 27, Feb 2017
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.
Takata ranks last in reputation among 100 most-visible companies in U.S.Tue, 21, Feb 2017
Troubled airbag supplier Takata took last place on a list ranking the reputations of the 100 most-visible companies in the U.S., landing in the “critical” score category, the Harris Poll said Tuesday.
Dozen $4 million supercars recalled along with 5,900 LamborghinisTue, 14, Feb 2017
The dozen owners of Lamborghini Venenos -- an ultra-rare supercar that cost $4 million and up -- will be receiving some bad news via registered mail: their Italian dream machines are being recalled along with 5,900 other Lamborghinis around the world.
Incentives hit Subaru parent profitMon, 13, Feb 2017
BMW agrees to settle vehicle water damage suit for up to $478 millionTue, 07, Feb 2017
BMW has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical components in vehicle trunks.
FTC sued over sale of certified used carsTue, 07, Feb 2017
The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission for allowing used cars to be advertised as "certified" or safe despite being the target of an outstanding safety recall.
Maserati recalling nearly 40,000 U.S. vehicles on risks of firesSat, 04, Feb 2017
Defective Takata airbags found in repaired BMWs, prompting fresh recallFri, 03, Feb 2017
BMW is recalling about 230,000 vehicles in the U.S. after discovering that some may have been fitted with defective Takata airbag inflators during repairs, such as after a crash in which the devices deployed.
Takata quietly parts ways with two top North American executivesWed, 01, Feb 2017
Troubled Japanese auto supplier Takata has quietly parted ways with two top executives and the general counsel at its North American unit, Automotive News has learned, and the company isn't saying who is now running the subsidiary based in Auburn Hills, Mich.