Post Tagged with: "takata"

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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 […]

85 million more Takata airbags might be recalled in the US

85 million more Takata airbags might be recalled in the US

US safety regulators said this week that the recall scale around Takata’s defective airbags could soon reach another dimension. Reuters reported in February that US auto safety regulators were examining whether an additional 70 million to 90 million airbags may endanger drivers. And this week, the National Highway Traffic Safety […]

Takata seeks money to pay for the airbag crisis

Takata seeks money to pay for the airbag crisis

Takata is in some serious financial predicament over its faulty airbags and it is reportedly looking for a partner who can help the supplier pay for the massive recalls. There have been tens of millions of faulty airbags made by Takata recalled so far, but the scale of this major […]

New death linked to Takata’s faulty airbags

New death linked to Takata’s faulty airbags

The US regulators confirmed this week that a Honda driver was recently killed by a Takata exploding airbag which was deployed during a crash. Yet another tragic incident happened because of Takata’s defective inflators, as a 17-year-old driver of a recalled 2002 Honda Civic was killed last month during a […]

Takata’s airbag crisis could cost up to $24 billion

Takata’s airbag crisis could cost up to $24 billion

The massive global safety recall triggered by Takata’s defective inflators will definitely prove to be a very costly business for everyone involved, Bloomberg reports. The explosive and deadly inflators made by Takata affected so far approximately 23 million vehicles and fourteen automakers in the United States, while more than 29 […]

BMW asks for more time to replace some defective airbags

BMW asks for more time to replace some defective airbags

BMW have asked and received an extension from the US safety agency of a previous deadline to replace some defective Takata airbags, as the replacement ones could also fail. The Munich-based premium automaker has informed the National Highway Traffic Safety Administration that it will not be able to meet its […]

Chinese auto supplier could take advantage of Takata’s struggle

Chinese auto supplier could take advantage of Takata’s struggle

A Chinese company plans to grab the opportunity opened by the Takata’s airbag crisis by stepping upfront in the automotive parts business. Many major automakers have already terminated the partnership with Takata, announcing they are no longer buying its inflators. The global airbag crisis in which the Japanese supplier is […]