Takata air bags News

Faulty Takata Air Bags Prompt New Zealand Recall of 50,000 Cars

New Zealand’s government on Wednesday issued a compulsory recall for 50,000 cars with faulty Takata air bags after saying a voluntary recall wasn’t making enough progress. The move comes after Australia issued a compulsory recall for 2.7 million cars with …

Australia Orders Recall of 2.3M Vehicles with Takata Air Bags

Australia has ordered the recall of 2.3 million vehicles fitted with Takata Corp air bags that have been linked to deaths worldwide, in the country’s biggest compulsory product recall. The manufacturers of the vehicles will have to pay for the …

Takata, 44 States Reach Settlement Over Defective Air Bags

Takata Corp.’s U.S. unit agreed Thursday to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators. TK Holdings Inc., which is in bankruptcy reorganization proceedings, agreed in the settlement …

Automakers to Contribute $130M to Takata’s U.S. Settlement

A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp. air bag inflators as part of a deal to resolve the Japanese company’s bankruptcy, a U.S. plaintiffs’ attorney told Reuters. …

How Takata Bankruptcy Could Affect Compensation for Car Owners

The judge overseeing the bankruptcy of Takata Corp.’s U.S. unit on Wednesday cleared the way for the company’s creditors to vote on its Chapter 11 plan, which critics say limits the legal rights of those injured by its deadly airbags. …

Takata Files for U.S. Bankruptcy to Halt Air Bag Lawsuits

Japanese auto supplier Takata Corp. filed for U.S. bankruptcy protection on Wednesday in an effort to pause lawsuits against the company over faulty air bag inflators – more than a month after its U.S. unit filed for bankruptcy in the …

Honda Says Florida Crash Death May be Linked to Takata Air Bag Inflator

Honda Motor Co said on Thursday that a Takata airbag inflator ruptured in car crash in Florida, in what could be the 19th death worldwide linked to faulty airbags recalled as part of the largest automotive safety campaign in history. …

Takata Nears $1 Billion Settlement with U.S. Over Faulty Air Bags

Japan’s Takata Corp. is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources …

Japanese Creditors Oppose Takata Seeking Bankruptcy Protection

All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told Reuters. But some Japanese creditors have opposed …

Takata Engineers ‘Manipulated’ Results of Air-Bag Inflator Tests: Honda Audit

Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …