The Japanese air bag maker Takata has reached a $1 billion settlement with the U.S. Justice Department over a deadly defect in its air bags that led to a massive recall. At least 16 deaths, 11 of them in the U.S., have been linked to the want.
DETROIT Ford Motor Co (F.N) said on Thursday it will withdraw about 816,000 vehicles as it widened previous actions affecting models with Takata Corp (7312.T) air bags. The move brings the tally of vehicles with Takata air bag inflators recalled around the ...
Regulators have said recalls would in the final analysis affect about 42 million US vehicles with nearly 70 million Takata air bag inflators, making it largest US auto safety crusade ever. Regulators expect it will take at least another three years to begin all of ...
Jalandhar, January 14 3 mobiles recovered The urban district police today arrested a person from the Gur Mandi area and confiscated around 50 bags of Chinese string (dragon dore) from his godown. The accused Davinder Kumar, a abiding of Shekhan Bazaar, used to do ...
Burgh financier Guy Hands has added another £3.5 million to his fortune with a dividend from his private equity outfit, Terra Firma Important Partners. The group owns several businesses, including Britain’s biggest care home group, Four Seasons, Wyevale ...
All three worked for Takata in Japan and the U.S. Takata has its ... and that they needed to `cross-breed the bridge together."' Unlike most other air bag makers, Takata's inflators use explosive ammonium nitrate to fill the bags in a topple.
Federal prosecutors brought wrongdoer charges against three Takata executives and fined the Japanese auto-parts maker $1 billion on Friday for concealing bumf about faulty air bags, which killed several motorists and prompted the largest safety ...
which prevented unmitigated bag inflation. The mess has harmed the company finances. Investment firm Jefferies Group has estimated that Takata will end up paying $7 billion, and Bloomberg Dirt has put the figure at more than three times that. As of its last ...