Post Tagged with: "takata"

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Takata CEO ready to resign

Takata CEO ready to resign

Takata chief executive officer announced that he would step down after the company found an investor. Takata CEO Shigehisa Takada, the grandson of the company’s founder, has been heavily criticized for not stepping down earlier, as the Japanese supplier has triggered the largest automotive recall in history. The safety crisis […]

Investors rush to buyout embattled Takata

Investors rush to buyout embattled Takata

The financial predicament of the Japanese supplier has drawn the attention of as many as 30 potential investors. As Takata faces billions of dollars in costs over the massive recalls of its defective airbags, a restructuring plan is urgently needed in order to avoid bankruptcy. And since the Japanese supplier […]

Six automakers recall nearly 2.5 million vehicles in US to replace Takata’s airbags

Six automakers recall nearly 2.5 million vehicles in US to replace Takata’s airbags

Following the recently announced recall expansion, automakers are crowding to issue safety campaigns over Takata’s defective airbags. Takata declared in mid-May 14 million defective inflators in the United States, thus marking the first wave that was part of the massive recall expansion of 35 million to 40 million airbags that […]

Toyota expands once again its recall over Takata’s airbags

Toyota expands once again its recall over Takata’s airbags

Further 485,000 Toyota vehicles have to recalled worldwide so their potentially faulty inflators made by Takata could be replaced. Toyota announced this week it was forced to recall an extra 490,000 vehicles in Japan, China, Europe and other regions as well, following the recent expansion of the safety campaign over […]

12 million cars recalled in the US over Takata airbags

12 million cars recalled in the US over Takata airbags

Following the recent recall expansion over the faulty airbags made my Takata, eight automakers announced they are calling back more than 12 million US vehicles. In the aftermath of the agreement with US safety regulators over the recent massive recall expansion, the Japanese auto parts maker declared nearly 14 million […]

Several buyers interested in rescuing Takata

Several buyers interested in rescuing Takata

The Japanese auto supplier may be saved from its deep financial crisis by an US investment fund, but other buyers are also on the line. Takata reported a net loss of only 13.1 billion yen (120.5 million dollars) for the financial year ended in March, but the worst for the […]

Takata plans a restructuring process after reporting loss

Takata plans a restructuring process after reporting loss

As the Japanese auto supplier posted an expected drop in its earning over recall costs, it looks to review its airbags unit. Takata confirmed this week the anticipated financial hit over recall costs, reporting a net loss of 13.1 billion yen (120.5 million dollars) for the year ended in March, […]

Takata to post another annual loss

Takata to post another annual loss

The Japanese auto part supplier is getting ready to announce another unsuccessful financial year, as the costs over the airbag crisis have kept mounting up. Not so long ago, Takata was quite optimistic over the financial year ended in March, as it projected a 5-billion-yen (46.36-million-dollar) profit. However, the airbag […]

Two more deaths linked to Takata airbags

Two more deaths linked to Takata airbags

Honda confirmed that two more people died in its cars in Malaysia following crashes that made Takata’s defective airbags deploy and explode. Takata’s faulty and volatile airbags keep on making casualties, as Honda confirmed two more fatal crashes involving driver-side inflators made by the Japanese auto supplier, climbing the number […]