Tag Archives: Takata

Takata shares rise on US airbag settlement reports

Shares of Japanese airbag manufacturer Takata have risen on reports it will settle a lawsuit with US regulators. The firm is expected to pay up to $1bn (£822m) and plead guilty to criminal wrongdoing over faulty airbags, which have been linked to at least a dozen deaths and more than 100 injuries. Most major carmakers have been affected… Read More »

Takata says latest U.S. recall investigative; cost issues still unresolved

Japan’s Takata Corp (7312.T) declared nearly 14 million air bag inflators defective as part of an expanded U.S. recall, but it said it considered the recall investigative, leaving the thorny question of cost-sharing with automakers unresolved. The question of just how much Takata will have to pay for a deepening crisis over potentially deadly airbags has been hanging… Read More »