Tag - air-bags

 
 

AIR BAGS

BUSINESS / Companies
May 2, 2016
Takata to log extra ¥20 billion loss over air bag recalls
Takata Corp. said Monday it will book an additional special loss of around ¥20 billion ($188 million) for the year ended March due to costs related to the global recall of its potentially lethal air bag inflators.
BUSINESS
Apr 30, 2016
Vehicles subject to Takata air bag recall may jump to 100 million units globally
More than 100 million vehicles are likely to be subject to global recalls linked to faulty air bags made by Takata Corp., up from the current 60 million units, sources close to the matter said Friday.
Japan Times
BUSINESS / Companies
Mar 30, 2016
Takata said to put worst-case recall costs at $24 billion
A source familiar with the matter says Takata estimates a callback of its air bag inflators would total about u00a52.7 trillion.
BUSINESS / Companies
Mar 30, 2016
Honda and Takata's stealth air bag fix
In August 2009, after ruptured air bag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify U.S. regulators, Honda confirmed in response to inquiries from Reuters.
BUSINESS / Companies
Mar 3, 2016
Toyota adds 331,200 more vehicles to recalls over Takata air bags
Toyota Motor Corp said Wednesday it is expanding by 331,200 cars worldwide its recall involving potentially defective Takata Corp. air bag parts.
Japan Times
BUSINESS / Companies
Feb 23, 2016
Up to 90 million more Takata air bag inflators may face U.S. recalls
U.S. auto safety regulators are examining whether an additional 70 million to 90 million Takata Corp. air bag inflators should be recalled because they may endanger drivers, according to a source with knowledge of the matter.
Japan Times
BUSINESS
Feb 16, 2016
Japan's Daicel and Britain's BAE target helicopter air bags for U.S. Army
Japanese air bag component maker Daicel Corp. and Britain's biggest defense firm, BAE Systems, are designing an air bag for military helicopters that they hope to sell to the U.S. Army.
Japan Times
BUSINESS / Markets
Feb 8, 2016
Nomura, Mizuho see Takata's distressed debt at bargain price
Takata Corp. may be embroiled in the biggest vehicle recall in U.S. history as its air bags have been linked to 11 deaths, but don't count it out as an investment, say credit analysts at Mizuho Securities Co. and Nomura Holdings Inc. who are recommending investors buy its bonds.
Japan Times
BUSINESS / Companies
Feb 6, 2016
Takata asks automakers to shoulder portion of air bag recall costs
Auto parts maker Takata Corp., which is at the center of a global recall crisis over faulty air bags, has asked Japanese automakers to shoulder a portion of the recall costs, sources familiar with the matter said.
Japan Times
BUSINESS
Jan 26, 2016
Air bag maker Takata to meet with carmakers, gauge willingness for financial aid
Takata Corp., the air bag supplier behind the biggest-ever U.S. consumer safety recall, plans to detail its business outlook to major customers at a meeting this week so as to gauge how receptive they will be to extending financial aid, according to a person familiar with the matter.
Japan Times
BUSINESS
Jan 23, 2016
Takata air bag recalls expand after 10th death reported
Two additional recalls announced Friday cover 5 million cars with Takata Corp. air bag inflators and come after another death was linked to the devices.
BUSINESS / Companies
Dec 4, 2015
Honda not looking to aid Takata amid air bag woes, chief says
Honda Motor Co. is not considering extending support to Takata Corp. hit by massive recalls of its faulty air bags, the president of the Japanese automaker has said.
BUSINESS
Nov 25, 2015
Toyota reissues recall for 1.6 million cars after Nissan air bag injury
Toyota Motor Corp. reissued a recall for 1.6 million cars in Japan over Takata Corp. air bags, after a component that was deemed to be safe ended up injuring a passenger last month in a Nissan Motor Co. vehicle.
BUSINESS
Nov 17, 2015
Nissan reports first Takata air bag injury in Japan
Nissan Motor Co. has found that an air bag made by Takata Corp. ruptured abnormally and injured a passenger in a Nissan vehicle last month, the transport ministry said, announcing the first such case in Japan.
BUSINESS
Nov 11, 2015
Takata air bag crisis hands Autoliv chance to go big in Japan
Swedish car safety equipment maker Autoliv could capitalize on the crisis engulfing its rival Takata Corp. by finally extending its global leadership to the one major auto hub it has been unable to dominate — Japan.
BUSINESS
Nov 10, 2015
U.S. says Takata air bag recalls may widen to more carmakers
The Takata Corp. air bag recall already affecting a dozen automakers in the U.S. may widen as the nation's regulator heightens its scrutiny of the devices.
Japan Times
BUSINESS / Companies
Nov 7, 2015
Nissan joins Toyota, Honda in ditching Takata's air bag inflators
Nissan Motor Co. says it will no longer use key air bag components made by Takata Corp., whose defective devices are behind the biggest-ever automotive safety recall.
BUSINESS
Nov 5, 2015
Honda profit falls short of estimates amid Takata-related outlays, domestic demand slump
Honda Motor Co. reported quarterly profit that missed analysts' estimates on quality-related expenses and slumping demand in Japan.
Japan Times
BUSINESS / Companies
Oct 20, 2015
U.S. regulator may expand Takata air bag probe
U.S. regulators said Monday they could expand their investigation into Takata Corp. air bag inflators beyond the current 11 automakers, amid questions about whether vehicle design played a role in the devices posing a deadly risk to the public.
BUSINESS
Sep 10, 2015
Looking to take bolder action, NHTSA sets Oct. 22 public meeting on Takata recalls
The U.S. auto safety watchdog said Wednesday it will hold an Oct. 22 public hearing on Takata Corp.'s massive air bag inflator recall, an event that could prompt regulators to take a stronger hand in efforts to eliminate the deadly defect from nearly 20 million vehicles.

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