Takata taps asset management firm Lazard to help recall woes

May 26, 2016

Takata taps asset management firm Lazard to help recall woes

Money-losing Takata Corp. hired financial advisory and asset management firm Lazard on Thursday to help it tackle financial and other problems amid the company’s massive air bag recalls. Takata air bags can deploy with too much force, spewing shrapnel into the vehicle. They are ...

May 22, 2016

Suzuki used weather data to cloud car tests: source

Suzuki Motor Corp. submitted weather data as part of fuel efficiency test results possibly to cover up the fact that it used data from indoor tests rather than road tests as required by the government, sources close to the matter said. Suzuki recently admitted ...

May 21, 2016

Toa admits falsifying test data during Kumamoto port project

Toa Corp. said Friday it had falsified test data from a pier improvement project in the port of Yatsushiro in Kumamoto Prefecture, following the general contractor’s recent revelations of similar misconduct at three domestic airports. Toa injected soil solidification agent to prevent the flow ...

Masuzoe defiant on expenses furor

May 20, 2016

Masuzoe defiant on expenses furor

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Embattled Tokyo Gov. Yoichi Masuzoe said Friday his expense reports will from now on undergo scrutiny by third-party lawyers. He is under fire for allegedly charging the cost of his five-star travel accommodations and artwork purchases to taxpayers. “I am now waiting for responses ...

Australian minister under fire for 'illiterate' refugees comment

May 18, 2016

Australian minister under fire for 'illiterate' refugees comment

Australia’s immigration minister was accused of xenophobia Wednesday after he said increasing the nation’s refugee intake would lead to “illiterate and innumerate” people claiming welfare or taking local jobs. Peter Dutton was responding to proposals by the Labor opposition to boost Australia’s annual refugee ...