Business / Corporate Oct 11, 2016

Takata considers bankruptcy for U.S. unit

Takata Corp. is considering bankruptcy protection for its U.S. unit, among other options, a person with knowledge of the matter said. The Tokyo-based firm's defective air bag inflators have led to the biggest recall in auto industry history. The company hired Weil Gotshal & Manges LLP ...

Five million new Takata recalls ordered in Japan

Business 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 and ...

Business / Corporate Nov 6, 2015

Takata slashes outlook as clients flee

Auto parts supplier Takata Corp. slashed its annual earnings forecast on Friday, saying it had yet to determine the full impact of a global safety recall as customers began ditching its air bag inflators. U.S. auto safety regulators earlier this week linked Takata's failing inflators ...

Business Feb 16, 2015

Takata shares tumble after Honda denies financial help

Shares of Takata Corp., the maker of air bags that led to millions of vehicle recalls by global carmakers, fell the most in three weeks Monday after Honda Motor Co., its biggest customer, said it wouldn't provide financial help. The auto parts maker dropped 5.4 ...

Business / Corporate Dec 19, 2014

Takata air bag crisis may spur maintenance changes in Japan

Takata Corp.'s air bag crisis could spur changes in how car owners maintain their vehicles, with Japan's automakers discussing whether drivers should regularly replace the chemicals used to inflate the safety devices. Drivers may need to start having chemicals in their air bags swapped out ...