Takata CEO says he'll step down once 'new regime' is in placeTue, 28, Jun 2016
Takata CEO Shigehisa Takada said he will resign after a "new management regime" is found, finally heeding calls for change so that the auto parts supplier can move ahead in dealing with a multibillion dollar airbag recall.
Takata selling shares in automakers to raise cashTue, 14, Jun 2016
Takata, the embattled airbag maker behind the biggest automotive safety recall, said it's selling shares it owns in automakers to raise funds as the company faces compensation claims for its defective devices.
Lazard in control as momentum builds for Takata solution, report saysThu, 09, Jun 2016
Lazard is driving financial restructuring talks for Takata, with the Japanese airbag maker's founding family now firmly in the back seat, a person briefed on the process told Reuters.
Senators urge automakers to disclose new Takata recallsWed, 08, Jun 2016
U.S. lawmakers want consumers to know if the new car they're buying contains a Takata airbag inflator included in the largest recall in U.S. history.
Japanese woman sues Takata, Nissan over airbag injuriesTue, 07, Jun 2016
A Japanese women has filed a negligence suit against Takata and Nissan after she sustained injuries when a passenger-side airbag made by Takata exploded in her Nissan vehicle last year.
Manufacturers and dealers must resolve recall cost disputesMon, 06, Jun 2016
Manufacturers and franchised dealers have a long history of jostling over recall costs. But the Takata crisis creates new wrinkles based on the legal difference in recalls of new and used vehicles.
China's Ningbo Joyson considers bid for Takata following Key Safety acquisitionThu, 02, Jun 2016
China's Ningbo Joyson Electronic Corp. is interested in acquiring embattled Japanese airbag supplier Takata. Joyson is looking to build on its $920 million acquisition of Takata competitor Key Safety Systems, which closed today, Key CEO Jason Luo told Crain's Detroit Business, an affiliate of Automotive News.
Ford recalls 1.9 million vehicles for Takata passenger-side airbagsWed, 01, Jun 2016
Ford said it is recalling 1.9 million vehicles from the 2005 through 2011 model years for defective passenger-side airbag inflators made by Takata Corp.
Four automakers selling some vehicles with defective Takata airbags, Senate report saysWed, 01, Jun 2016
Four automakers confirmed they are selling some new vehicles with defective Takata airbags that will eventually have to be recalled, U.S. Senate Commerce Committee Democrats said in a report today.
Toyota recalls 490,000 vehicles in Japan, other regions over airbagsWed, 01, Jun 2016
Toyota is recalling a total of about 490,000 vehicles in Japan, China, Europe and other regions over potentially faulty airbag inflators produced by Takata Corp, further widening a massive global recall.