EU antitrust regulators fines five car airbag, seatbelt suppliers for cartel

Takata air bag recall, Airbag Recall

EU antitrust regulators fined 5 car saftey devices makers an overall of 34 million euros ($40.0 million) on Wednesday for participating in cartels to fix prices for seat belts, air bags and steering wheels to Japanese automakers. The Commission, which supervises competition policy in the European Union, stated it had identified that 4 separate cartels […]

Takata shares halted on report U.S. unit planning possible bankruptcy filing

Takata air bag recalls

Trading in shares of Takata Corp was halted on Friday after the Nikkei business daily reported the embattled Japanese vehicle parts maker was getting ready for a possible personal bankruptcy filing for its U.S. unit to help protect a monetary sponsor. Takata, which has actually maintained financial investment bank Lazard Ltd as an adviser, has […]

Takata Airbag Fiasco Boosts With More Recalls From Toyota, Ford

Takata air bag recalls

More automobiles have actually been included to the international recall of Takata airbag inflators as Ford has issued a security recall for various vehicles consisting of the 2007-2010 Edge, 2006-2011 Fusion, 2005-2011 Mustang, 2007-2011 Ranger, 2007-2010 Lincoln MKX, and 2006-2011 Lincoln MKZ, Zephyr, and Mercury Milan. These recalls addresses the front traveler air bag inflators. […]