May 30, 2016

Takata to rule out bankruptcy in seeking buyer funding

Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its current crisis, according to a source with knowledge ...

Five million new Takata recalls ordered in Japan

May 10, 2016

Five million new Takata recalls ordered in Japan

The transport ministry has ordered the nation’s automakers to make further recalls of vehicles fitted with Takata Corp. air bag inflators of the kind being replaced in the United States, ministry officials said Tuesday. The instruction made by the Ministry of Land, Infrastructure, Transport ...

May 8, 2016

Honda to expand Takata air bag recall by 20 million: report

In a widening scandal that led to the biggest auto recall in U.S. history, Honda Motor Co. will recall an additional 20 million Takata-made air bags globally, a newspaper said Sunday. Tokyo-based auto parts giant Takata is struggling to deal with a defect that ...

Takata's 29 million U.S. air bag recall just more than doubled

May 5, 2016

Takata's 29 million U.S. air bag recall just more than doubled

U.S. auto safety regulators on Wednesday ordered Japanese manufacturer Takata to recall between 35 million and 40 million more air bags installed in U.S. cars, in a push for the replacement of dangerously explosive inflators. The decision comes after the National Highway Traffic Safety ...

Mar 22, 2016

Takata to sell most of its shares in other firms

Embattled air bag manufacturer Takata Corp. plans to sell most of its shares in other companies, including automakers, as it covers the costs of recalling defective air bags, informed sources said Tuesday. As of the end of March last year, Takata held shares in ...

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. Toyota earlier on Wednesday said the new recalls totaled 356,000 globally but later lowered the figure. An estimated 29 million Takata air ...