Auto components maker Key Safety Systems finished on Wednesday a $1.6 billion deal to acquire air-bag maker Takata Corp, whose faulty inflators caused the auto industry’s biggest recall and have …
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Key Safety Systems
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Takata Corp’s U.S. unit reached a settlement with its lenders, attorneys for those hurt by its deadly air bags and automakers that eases the way to end its Chapter 11 …
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China’s FAW Car, a partner of Japan’s Mazda Motor will recall more than 680,000 Mazda automobiles due to problems with air bags that were provided by embattled Japanese automobile parts …
- Press Releases
Takata offers condolences to victims of its defective air bags
by SpeedLuxby SpeedLuxJapanese auto parts maker Takata expressed condolences to victims of its defective air bags connected to at least 16 deaths and 180 injuries worldwide, but stopped short of providing a …
- Asian
Takata Corp files for bankruptcy, gets backing from Key Safety Systems
by SpeedLuxby SpeedLuxJapan’s Takata, at the center of the auto market’s biggest-ever product recall, has filed for bankruptcy protection in the United States and Japan, and stated it had agreed to be …