Takata, Brought Down By Airbag Crisis, Files For BankruptcyAnalysts had long warned that Takata could be forced into bankruptcy due to the huge cost of a deadly exploding airbag crisis.
Toyota, 3 Other Automakers Settle Suit Over Takata Air BagsToyota, Subaru, Mazda and BMW have reached a proposed settlement that would compensate owners of 15.8 million vehicles for money they lost due to the massive recall of Takata air bags.
Takata Pleads Guilty In Air Bag Scandal, Agrees To Pay $1B Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S.
Takata Agrees To Guilty Plea, Will Pay $1B For Hiding DefectTakata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators.
Seven Automakers Add 4.4M Vehicles To Takata RecallSeven automakers are adding nearly 4.4 million vehicles to the massive Takata air bag inflator recall.
Air Bag Inflator Recall To Grow By 35 Million To 40 MillionTakata has agreed to recall another 35 million to 40 million air bag inflators, a stunning increase that will more than double what already is the largest automotive recall in American history.
Mazda Adds 540,000 Vehicles To Takata Air Bag RecallMazda is recalling nearly 540,000 older cars and pickup trucks in the U.S. and Canada, adding to the growing list of models under recall for air bags that potentially can explode with too much force.
Takata Says Recall Decision Is Up To AutomakersThe Japanese company has refused to comply with a U.S. government demand for an expanded recall of its air bags that can explode and shoot out shrapnel.
Japanese Carmakers Recall 3.4M Vehicles For Defective AirbagFour carmakers are recalling 3.4 million vehicles due the risk of airbags catching fire.