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Key Safety Systems Buys Vehicle Safety Systems Supplier Takata for $1.5bn
Apr 16, 2018A consortium of Ningbo Joyson Electronic (Joyson Electronics) and Asia-based private equity firm PAG have offered funding to Key Safety Systems (KSS) in acquiring the all of the global assets of Japan-based airbag-maker Takata. Takata's ...
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Honda Agrees to Pay More Than $605m in Compensation for Defective Takata Airbags
Sep 5, 2017Japanese automaker Honda Motor has agreed to pay a compensation of $605m related to the Takata airbag issue in the US. The settlement covers more than 16.5 million vehicles in the country, for installing potentially faulty airbag ...
Tags: Honda Motor, Takata airbag
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Ford Issues Safety Recall for Vehicles Featuring Several Takata Airbag Inflators
Jun 3, 2016Ford is issuing a safety recall for vehicles that have certain non-desiccated Takata passenger-side frontal airbag inflators after Takata declared those inflators are defective. This expanded recall follows Takata's notification to the ...
Tags: Ford, airbag inflators
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Toyota Testing Alternatives to Takata Airbags
Aug 27, 2015Japanese automobile major Toyota Motor said it was putting to test airbag inflators made by Autoliv and Nippon Kayaku while looking for a possible alternative to defective airbags made by Takata. Prior to fitting those parts with ...
Tags: airbag inflators, Toyota Motor
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NHTSA Seeks Details From VW and Takata on Airbag Ruptures
Aug 19, 2015The National Highway Traffic Safety Administration (NHTSA) in the US has sought details from automaker Volkswagen and Japanese airbag manufacturer Takata about the explosion of a side airbag in a 2015 Volkswagen Tiguan. Volkswagen was not ...
Tags: automobile manufacture, auto parts, auto accessories, Volkswagen, airbag
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Toyota's US Arm Has Issued a Callback of Around 109,000 Prius V Hybrid Vehicles
Jul 20, 2015Japanese automotive giant Toyota's US arm has issued a callback of around 109,000 Prius v hybrid vehicles on grounds of software glitches. The recall covers those vehicles that were manufactured between 2012 and 2014. The software snag ...
Tags: automobile manufacture, Toyota, Prius v hybrid vehicles
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Hondo Motor Attributed The Death of a Woman Reported in September Last Year
Jun 24, 2015Hondo Motor has attributed the death of a woman reported in September last year in Los Angeles to the violent deployment of Takata-made airbag, raising the toll to eight. The safety regulators in the US told Reuters that the death of one ...
Tags: Honda, Faulty Takata Airbags
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Automobile Manufacturers Will Make a New Recall History in The US
May 22, 2015Automobile manufacturers will make a new recall history in the US, repairing defective airbags across 34 million cars after regulators pulled up Japanese supplier Takata on safety issues. With the historic recall expected to span over ...
Tags: Airbag Fault, Takata's Recalls
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Takata Will Initiate Steps to Respond to Public Safety Issues
May 21, 2015Automotive safety systems supplier Takata will initiate steps to respond to public safety issues raised by National Highway Traffic Safety Administration (NHTSA) over faulty airbag inflators. The move comes close on the heels of a probe ...
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Honda Has Recalled Additional 4.89 Million Vehicles
May 18, 2015Automobile maker Honda has recalled additional 4.89 million vehicles over safety crisis brought on by faulty airbags made by its Japanese supplier Takata. The latest recall includes those in Japan and other countries. The cars sold in ...
Tags: Faulty Airbags, safety crisis, Honda
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Takata Announced to Meet with Engineers Update The Airbag Inflator Issue
Mar 4, 2015Japanese airbag maker Takata has announced its plans to meet with engineers from its automaker customers, to update them about the root cause of the airbag inflator issue that led to recall of millions of vehicles worldwide. The meeting ...
Tags: Takata, airbag, OEM Engineers
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Daicel Sets up Second Air Bag Inflator Plant in America
Feb 26, 2015Japan-based Daicel is planning to build a second US factory for air bag inflators in early 2016. Reuters cited Daicel spokesman as saying that the company initially planned to construct the second US factory in March 2017, after its ...
Tags: Air Bag Inflator, Auto Parts
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Hiromu Usuda Conspired to Rig Bids and Tried to Stabilize and Maintain The Prices
Jan 26, 2015The US Department of Justice announced that a Detroit federal grand jury has indicted an executive of Takata on one-count for conspiring and price fixing of seat belts sold to car makers. Hiromu Usuda, the accused executive allegedly ...
Tags: seatbelts, car makers, Auto
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Honda Motor Fined $70m for Not Reporting Deaths, Injuries, and Certain Warranty Claims
Jan 13, 2015Honda Motor has been fined $70m in penalties by the US National Highway Traffic Safety Administration (NHTSA) for not reporting deaths, injuries, and certain warranty claims. The penalty is divided into two parts, a maximum civil penalty ...
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Takata Has Stepped Down From His Post as a Result of Recalls of Millions
Dec 29, 2014The president and chief operating officer of Japanese airbag maker Takata has stepped down from his post as a result of recalls of millions of vehicles carrying the company's defective airbags. Takata announced in a statement that Stefan ...
