Automakers in Japan to probe possible new problem in Takata air bags
The transport ministry said Friday it has ordered automakers to look into the safety of their products after a new problem seems to have been discovered in air bags produced by now-defunct Takata Corp. The order was issued after a crash in Australia this year ...
The Securities and Exchange Surveillance Commission has accused nine former employees of Takata Corp. of insider stock trading in connection with the firm's bankruptcy. The commission recommended Friday that the Financial Services Agency impose a total of ¥7.73 million in fines on the former Takata ...
A U.S. Senate panel on Tuesday will ask automakers and regulators why tens of millions of vehicles with faulty Takata air bag inflators remain on the road years after deaths prompted the largest auto safety recall in history. Nearly 30 million vehicles remain unrepaired in ...
Brand recognition for Apple and Google plunges in poll as Amazon stays on top; Takata comes in last
Apple Inc. and Alphabet Inc.'s Google corporate brands dropped in an annual survey while Amazon.com Inc. maintained the top spot for the third consecutive year. Electric carmaker Telsa Inc. rocketed higher after sending a red Roadster into space. IPhone maker Apple dropped to No. 29 ...
Australia launches compulsory recall of over 2 million cars with Takata air bags
The Australian government issued a compulsory recall Wednesday of more than 2 million vehicles fitted with defective air bags made by Japanese auto parts maker Takata Corp., following an investigation by the country's consumer watchdog. At least 23 deaths and over 230 serious injuries have ...
13 automakers to provide up to $130 million for Takata's U.S. settlement
A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp. air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney said. The agreement clears the way for ...
Takata recalls another 3.3 million air bags under U.S. order
Takata Corp., the parts supplier that filed for bankruptcy after sparking the largest recall in automotive history, called back 3.3 million additional air bags as part of a U.S. order that scheduled repairs for the potentially deadly devices over several years. The supplier identified at ...
The Japan Times newsroom selected these economy and technology stories as the most important of 2017. 1. Morass of data scandals: Kobe Steel Ltd., Mitsubishi Materials Corp. and Toray Industries Inc. were all swept up in data falsification scandals, damaging Japan's reputation for high-quality production. In ...
Takata creditors seek $30 billion, far more than firm can pay: court filing
Creditors of bankrupt Takata Corp. say the parts maker owes them more than $30 billion after the automotive industry's biggest recall over its faulty air bags — many times more than the company can repay, a court filing seen by Reuters shows. In the biggest ...
Scandals seen shredding Japan Inc.'s once revered image for quality
Kobe Steel Ltd. raises fresh concern about the integrity of Japanese manufacturers after disclosing it falsified data on aluminum used in products ranging from cars to bullet trains.
Australian regulator probes recall of Takata air bag after Sydney man's death
Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp. vehicle air bags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment. The Australian Competition and Consumer Commission (ACCC) ...
Shareholders express anger at Takata management
Air bags made by the firm, which filed for bankruptcy protection on Monday, have reportedly been linked to at least 17 deaths worldwide.
