• Takata cuts profit outlook
    • 06/11/2015
    • Posted by: Simon Wait
    • Category: News
    Takata has cut its profit outlook by 75% after market leading carmakers begin to drop its air bag inflators. Honda, Toyota and Mazda have all said that they will no longer fit Takata inflators containing ammonium nitrate to new cars. The firm now expects full-year profit of 5bn yen (£27m) instead of 20bn [...]
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  • Takata fined for airbag recalls
    • 04/11/2015
    • Posted by: Simon Wait
    • Category: News
    Takata has been fined up to $200m (£130m) by US regulators for its handling of the faulty airbags recalls. The National Highway Traffic Safety Administration (NHTSA) said Takata failed to provide information about the dangerous airbags. The Japanese manufacturer will initially have to pay $70m, but the fine could [...]
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  • FCA recalls 900,000 vehicles worldwide
    • 02/11/2015
    • Posted by: Simon Wait
    • Category: News
    Fiat Chrysler Automobiles has said it will recall nearly 900,000 vehicles around the world to fix issues related to airbag deployment and anti-lock braking systems. The firm said it was recalling 284,089 model-year 2003 Jeep Liberty and 2004 Jeep Grand Cherokees SUVs in the United States to replace some components [...]
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  • Takata recall could expand further
    • 20/10/2015
    • Posted by: Simon Wait
    • Category: News
    Regulators in the US said they could expand their investigation into Takata air bag inflators beyond 11 car manufacturers, as questions arose about whether vehicle design played a role in the devices posing a deadly risk to the public. National Highway Traffic Safety Administration (NHTSA) chief Mark Rosekind [...]
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  • US consider expanding Takata recall
    • 29/09/2015
    • Posted by: Simon Wait
    • Category: News
    The US regulator overseeing the replacement of Takata air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen and Tesla, according to reports from Bloomberg. Takata identified the seven as companies it supplied with air bag [...]
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  • 19 million airbags still need repaired
    • 03/09/2015
    • Posted by: Simon Wait
    • Category: News
    Safety regulators in the US have stated that about 19 million defective Takata Corp air bag inflators remain installed in U.S. vehicles, and that the cause of the problem has yet to be identified. About 19.2 million vehicles containing a total of 23.4 million air bag inflators made by 11 automakers have been [...]
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  • Mazda and VW recall 600,000 cars
    • 17/08/2015
    • Posted by: Simon Wait
    • Category: News
    Car makers Volkswagen and Mazda have had to recall over 600,000 vehicles in the US. Volkswagen has had to recall vehicles due to air bag issues and Mazda are recalling vehicles because of potential steering loss. Volkswagen issued a vehicle recall order covering 420,000 vehicles in the United States due to an [...]
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  • Takata sees profit despite global recalls
    • 06/08/2015
    • Posted by: Simon Wait
    • Category: News
    Japanese car parts manufacturer Takata saw a 3 billion yen (£15.4m) net profit in the three months to June, compared with a 38.65bn yen loss a year earlier. The company has been at the centre of a huge global recall over faulty airbags it supplied to numerous car companies. The airbags have been linked to six [...]
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  • Honda’s profits jump 20%
    • 31/07/2015
    • Posted by: Simon Wait
    • Category: News
    Japanese carmaker Honda's profit jumped 20% in the first quarter thanks to strong sales in its biggest market, North America, and cost-cutting measures. Its net profit rose to 186bn yen ($1.5bn; £960m) in April to June from 155.6bn yen a year ago - widely beating expectations of 145.7bn yen. The company said a [...]
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  • Honda Takata saga continues
    • 09/07/2015
    • Posted by: Simon Wait
    • Category: News
    Honda is recalling around 1.63 million more cars in Japan to replace air bag inflators made by supplier Takata and around 4.5 million more cars globally, due to continuing fears over the potentially deadly defect. At least eight deaths, all in Honda cars, have been linked to the airbag inflator, which can deploy [...]
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