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At least 17 deaths and 180 injuries worldwide are now tied to the defect that prompted the largest ever auto safety recall and led Takata to file for bankruptcy protection last month. Honda Motor Co. on Monday confirmed an 11th U.S. death involving one of its vehicles tied to a faulty Takata Corp. airbag inflator. The Japanese automaker said the incident occurred in Florida in June 2016 when an individual was working on repairs on a 2001 Honda Accord and the airbag ruptured. Takata inflators can explode with excessive force, unleashing metal shrapnel inside cars and trucks.&nb...
China has asked 3 major automakers to fulfill their obligations and finally recall the cars in China with Takata airbags, these automakers are: General Motors, Daimler's Mercedes-Benz and Volkswagen. The three foreign carmakers have to date only proposed recalling a small number of vehicles for testing and analysis instead of providing recall plans, the General Administration of Quality Supervision, Inspection and Quarantine said on its website late on Thursday. The watchdog said it met the carmakers' representatives and urged them to fulfill their legal obligations and reca...
Takata Corp. filed for bankruptcy protection in Japan and the U.S., after the world’s biggest automotive recall scandal. The company will be bought by the U.S. supplier Key Safety for $1.59 billion. The sale will not include some operations related to Takata’s business in the ammonium nitrate airbag inflators that were the subject of a global recall linked to defects that resulted in some airbags exploding with too much force and spraying the cabin with metal shards. Malfunctioning Takata airbag inflators have been linked to at least 16 deaths and 180 injuries worldwide ...
The U.S. auto boom that fueled record sales and profits is winding down. General Motors CEO Mary Barra claims that the auto industry is changing more today than it has in the past 50 years. It's true that the U.S. auto sector had a close call during the 2008 financial crisis, when both GM and Chrysler needed federal bailouts to survive bankruptcy. But that was a pretty straightforward crisis, caused by excess labor costs and a plunge in auto sales due to a wrecked economy. The challenge today is posed by electric and self-driving cars, and it is far more fundamental. Automakers ...
We knew that Donald Trump is somehow pressing U.S. automakers to build new factories and offer more jobs, but he may have to settle for plant overhauls and incremental job expansions such as Ford Motor Co.’s planned $1.2 billion investment in three Michigan factories that’s expected to create at least 100 jobs. Trump pushed automakers during a roundtable in Ypsilanti Township earlier this month for more U.S. plants, and in a speech to autoworkers the same day he said plants are coming back — other plants that were expected to be built in other countries are not being bui...
