Takata whistleblower says warning to U.S. authorities over air bag flaws was his 'ethical duty'
In the first time he has spoken to Japanese media, the former engineering manager at Takata Corp. who alerted U.S. authorities to the risks of its air bag inflators said he did so out of a sense of professional and ethical duty. Mark Lillie said ...
Takata chief quits as Key Safety Systems completes acquisition of beleaguered air bag maker
Takata Corp., the Japanese air bag maker embroiled in a massive global recall linked to at least 22 deaths, says its acquisition by U.S. mobility safety company Key Safety Systems has been completed and its president has resigned. Takata President Shigehisa Takada said Thursday in ...
Fatal Florida crash last week may be linked to faulty Takata air bag inflator, Honda says
Honda Motor Co. said on Thursday that a Takata air bag inflator ruptured in a car crash last week in Florida in what could be the 19th death worldwide linked to faulty air bags recalled as part of the largest automotive safety campaign in ...
Mazda to recall 19,000 vehicles in South Africa due to air bag safety concerns
Mazda Motor Corp. is recalling 19,000 cars in South Africa due to air bag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said Monday. The recall was prompted by investigations in Japan and North ...
In Delaware courtroom, Takata's bankruptcy case to pit automakers against air bag injury victims
The global recall of Takata Corp.’s defective air bags widens, but legal experts said a bigger worry for car companies caught in the fallout is playing out in a U.S. courtroom
What Japan Inc. should learn from Takata
Now, as Tokyo sorts out the biggest failure in postwar Japanese manufacturing, it's all too possible its political and corporate cultures will learn little from "Takatagate."
Takata, Nissan officials referred to prosecutors over 2015 air bag incident
Police referred Takata Corp. and Nissan Motor Co. safety management officials to prosecutors on Friday on suspicion of professional negligence, in relation to a ruptured Takata air bag inflator that caused an injury in a 2015 car accident involving a Nissan vehicle. Shizuoka police suspect ...
Takata bidders said to favor Japan bankruptcy; shares tumble
Bidders for troubled air bag maker Takata Corp. are leaning toward a court-mediated bankruptcy in Japan to shield them from liabilities, according to people familiar with the matter. The company had opposed the move on concern it would disrupt the supply of replacement parts. Takata, which ...
Troubled Takata to exit posh Roppongi digs, move HQ to cheaper waterfront redevelopment district
Takata Corp. will move its head office from a posh building in an upscale Tokyo district to a redeveloped area to cut costs, as the troubled air-bag maker fights to survive the biggest recall in the auto industry's history. The company will move next week ...
Takata sale said to progress with Autoliv, Key Safety in lead
Takata Corp. has homed in on bids from Autoliv Inc. and Key Safety Systems Inc. as the air bag maker behind the biggest auto safety recall ever progresses toward a final round of negotiating a sale, according to people familiar with the matter. The two ...
Source says Takata's U.S. unit is considering filing for bankruptcy
The U.S. unit of Takata Corp. is considering filing for Chapter 11 protection under the federal bankruptcy code, a source close to the matter said Friday, a move apparently aimed at seeking a sponsor to help pay for the cost of the global recall ...
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 ...
