Post Tagged with: "takata"

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Takata to present restructuring plan, sources say

Takata to present restructuring plan, sources say

The Japanese supplier plans to reorganize its structure preparing to propose a plan in this direction to automakers in early May, sources told Bloomberg. With Honda announcing this week another massive recall due to Takata’s faulty airbags, the pressure on the Japanese automotive supplier is over the edge, as this […]

Takata CEO close to an exit, sources say

Takata CEO close to an exit, sources say

The biggest recall of the automotive industry is forcing Takata to make some top management changes, preparing also the ground for the exit of its CEO. The Japanese supplier is responsible for the largest automotive recall in history, a scandal that is affecting nearly 50 million vehicles. Takata has been […]

Ford expands recalls over Takata deadly airbag inflators

Ford expands recalls over Takata deadly airbag inflators

After the US regulators’ announcement of the 10th death linked to Takata’s faulty airbags, Ford said on Tuesday it would recall certain Ford Ranger pickups with possible defective inflators. Ford is expanding its safety recall on vehicles that have certain airbag inflators, after the US regulators declared that those inflators […]

Takata seeks financial aid from carmakers

Takata seeks financial aid from carmakers

Amid a massive airbag scandal, the Japanese auto supplier Takata plans to attract some cash by detailing its business outlook to some major customers at a meeting this week, according to sources. With more than 28 million cars recalled worldwide over the faulty Takata airbags, it is no wonder that […]

Honda not considering new lending scheme for Takata

Honda not considering new lending scheme for Takata

Honda Motor said today it was not considering a fresh lending scheme for Takata Corp, either on its own or as part of a group of Japanese automakers. Following a report by Japan’s Sankei newspaper that automakers were discussing brand new financial support for the supplier, a Honda spokesman said […]

Major Takata investor sells all its shares

Major Takata investor sells all its shares

One of the biggest investors in Takata lost faith in the Japanese auto supplier company after the massive airbags scandal that involved around 40 million cars worldwide. Takata’s predicament is getting even worse than already is, as Sawakami Asset Management – once a major investor in the Japanese automotive supplier […]

Japan bans automakers to use certain Takata airbags for future cars

Japan bans automakers to use certain Takata airbags for future cars

Taking the same actions as the US authorities, the Japanese regulators banned certain Takata airbag inflators from future cars. Automakers will not be allowed to use Takata airbag inflators with ammonium nitrate propellant in future cars, Japan’s transport ministry said in a recent statement. Furthermore, inflators without a moisture-absorbing substance […]

Takata aware of its airbags issues since 2000, report says

Takata aware of its airbags issues since 2000, report says

Takata’s employees have expressed their concerns about the manipulation of data about its airbags from as early as 2000, according to a report in The Wall Street Journal, and the company has ignored them. New revelations in Takata’s massive airbags problems have brought to light the fact that the Japanese […]

Ford is also ditching Takata’s airbags

Ford is also ditching Takata’s airbags

Ford has decided to join the long list of automakers who dropped Takata as their airbag supplier, thus pushing the Japanese company in a deeper crisis. Ford has been forced to recall 1,509,535 cars so far fitted with certain Takata inflators after the Japanese auto supplier declared those airbags to […]

Autoliv, Takata’s main rival, to conquer Japan

Autoliv, Takata’s main rival, to conquer Japan

Swedish automotive safety supplier Autoliv can now profit from the not-so-comfortable position Takata is in, by growing in Japan. It is difficult to predict how hard all the recalls Takata is involved in will affect the company financially. What is certain is that its main rivals will definitely take advantage […]

Nissan is also discarding Takata’s airbags

Nissan is also discarding Takata’s airbags

After most major automakers gave up on using airbags from Takata, Nissan also announced that it would not use inflators from the same supplier. Toyota, Honda and other major car manufacturers have already announced the termination of their partnership with Takata. Now it is Nissan’s time to go the same […]