Shares in Japanese auto parts firm Takata plunged nearly 17 percent in Tokyo on Monday following calls for a criminal investigation into an airbag defect that has been linked to at least four deaths.
Tag Archives: Takata
Takata warns of bigger loss, says air bag customers not canceling
By Mari Saito and Maki Shiraki
Takata Corp, whose potentially defective air bags have been linked to four deaths in the United States, warned of a bigger full-year loss and skipped its dividend – the first time it did not offer a payout since it listed in 2006.
NHTSA to Takata: Give us faulty air-bag documents
By Ben Klayman and Paul Lienert
U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp <7312.T> to provide documents and answer questions under oath related to the government’s ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles.
Takata’s airbag crisis causing supplier shift to Autoliv, Daicel
The defect in Takata Corp. airbags linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel in a crucial portion of the market for the safety devices.
The market for airbag inflators — the component at the root of deadly defects — is likely to shift away from Takata to suppliers including Autoliv and Daicel, potentially allowing the two suppliers to control more than half the market by 2020 as Takata’s share shrinks, said Scott Upham, an analyst who has followed airbags since they were first going into cars a quarter-century ago.
Takata says willing to support certain air bag inflator replacements
Reporting by Yoko Kubota
Takata Corp said it is willing to support car makers replacing certain air bag inflators made between 2000 and 2007 that were supplied to multiple car makers, including Honda and Toyota, for vehicles sold in the United States.
