• 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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  • 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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  • 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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  • Toyota recalls 625,000 hybrids
    • 15/07/2015
    • Posted by: Simon Wait
    • Category: News
    Toyota, the world’s largest car manufacturer, is recalling about 625,000 hybrid cars worldwide to fix a software glitch. A fault in the software could lead to shutting down the hybrid system, potentially while the car is being driven. Models affected by the recall include Prius V minivans, called Prius Alpa [...]
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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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  • Honda has no plans to help Takata
    • 06/07/2015
    • Posted by: Simon Wait
    • Category: News
    Honda’s new chief executive Takahiro Hachigo, said the Japanese carmaker has no plans to provide financial aid to Takata, the airbag supplier currently at the heart of global airbag recall that has dented Honda’s reputation as well as its earnings. Speaking at his first news conference since taking the wheel in [...]
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  • Fiat-Chrysler faces penalties over recalls
    • 03/07/2015
    • Posted by: Simon Wait
    • Category: News
    Fiat-Chrysler Automobiles (FCA) faces action over the mishandling in the US of car recalls, according to the country's top vehicle safety regulator. Mark Rosekind of the National Highway Traffic Safety Administration criticised FCA's recall of 11 million cars and its handling of fatal accidents. He told a [...]
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