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Toyota, Nissan, Honda and Mitsubishi said Takata's filing for bankruptcy protection will make it difficult for them to recoup billions of dollars they have spent to recall defective airbag inflators.
Key Safety Systems, which plans to acquire Takata's assets for $1.6 billion, is emphasizing how it wants to maintain continuity.
Takata filed for bankruptcy protection, saying it would sell most of it assets to Key Safety for $1.59 billion. The supplier is at the center of the industry's biggest ever recall for faulty airbags.
Wang Jianfeng, founder and chairman of Ningbo Joyson, is poised to pull off his biggest deal yet: a $1.59 billion takeover of Takata by Ningbo's Key Safety Systems.
Think “American-made” doesn't mean what it used to? You're right, at least if you're talking about how to define the world's “Most-American” vehicles.
Think body-on-frame trucks are relics of the past? Nope. They're wildly popular, and profitable.
The expected bankruptcy of troubled airbag maker Takata throws a wild card into one of the biggest and most complicated recalls in automotive history.
Ford's decision to move production of the Focus to China shows that automakers continue to grapple with building small cars that can be sold profitably in the U.S.
Trade Representative Robert Lighthizer said he was concerned about Ford's announcement that it will move some production of its Focus small car to China and import the vehicles to the U.S.
Honda said an engineer who once suggested he knew a hidden truth about "the root cause" of Takata's defective airbags later indicated he was mistaken.
Subaru's new safety technologies came in response to a very Japanese problem: Vehicle accidents involving pedestrians and seniors are more common in Japan than elsewhere.
Is there an odd/unusual problem reported by a consumer that stands out more than any other? Cupholders!
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