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Takata air bag crisis hands Autoliv chance to go big in Japan
2015-11-11 02:42:20| Automakers - Topix.net
Autoliv is the world's top maker of equipment such as air bags and seat belts, but it has struggled to break the ties between Japanese carmakers and main supplier Takata in a country where the "keiretsu" corporate culture sees businesses closely bound together in relationships cultivated over decades. The ground has shifted, however; a string of Japanese carmakers have ditched Takata's air bag inflators in recent days after U.S. regulators said they used a chemical that they suspect causes the bag to explode with too much force, spraying metal shards into the car.
Japan air bag maker Takata reports $46 million loss
2015-11-06 11:55:35| Automakers - Topix.net
Embattled Takata Corp. reported a half-year loss of 5.6 billion yen on Friday due to recall costs, as Toyota announced it would stop using Takata air bag inflators at the center of the company's massive product safety scandal.
Tags: air
japan
reports
million
Takata steeply cuts profit outlook
2015-11-06 11:23:07| BBC News | Business | UK Edition
Japanese firm Takata cuts its full-year profit outlook by 75% after big carmakers begin to drop its air bag inflators.
Tags: profit
outlook
cuts
steeply
Takata shares sink by a quarter, Mitsubishi says reconsidering inflators
2015-11-05 06:52:42| Automakers - Topix.net
TOKYO: Shares in Japan's Takata Corp fell by a quarter on Thursday as Mitsubishi Motors became the second automaker to question the safety of its air bag inflators, casting further doubts on the future of the auto parts supplier. Mitsubishi Motors' decision to consider switching away from the component - at the heart of a global recall scandal - came a day after Takata's biggest customer, Honda Motor Co , said it would no longer use the inflators.
Tags: quarter
shares
mitsubishi
sink
U.S. Fines on Takata Could be $200M
2015-11-04 02:27:51| Automakers - Topix.net
The top U.S. auto safety regulator on Tuesday imposed a fine that could be as high as $200 million on air-bag supplier Takata Corp and ordered it to stop making inflators that use ammonium nitrate as a propellant. The National Highway Traffic Safety Administration cited the chemical as a factor in explosive air-bag ruptures that have caused seven deaths and nearly 100 injuries in the United States.
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