U.S. safety regulator investigates fires in some Ford pickup trucks

Ford Motor logo

U.S. traffic safety regulator is investigating complaints of fire during crashes in some Ford Motor F-150 Supercrew pickup trucks associated with a seat belt component. The National Highway Traffic Safety Administration (NHTSA) stated there were five complaints alleging fires after the activation of seat-belt pretensioners made by ZF TRW or Takata Corp during a crash […]

Takata Corp releases statement on bankruptcy filing

takata corp

Peter Prieto, Court-appointed Chair Lead Counsel for the consumer plaintiffs in the Takata Airbag Product Liability Litigation, released a statement concerning the recent bankruptcy filing by Takata Corp. “We do not expect a Takata bankruptcy to have an impact on claims pending against auto manufacturer defendants for their role in the airbag scandal. Settlement agreements […]

Judge George Steeh to name former FBI director to manage Takata restitution funds

takata airbag

Federal judge, George Steeh, in Detroit stated on Thursday he plans to call former FBI director Robert Mueller to supervise almost $1 billion in Takata Corp restitution funds as part of a U.S. Justice Department settlement. In January, Takata accepted plead guilty to criminal misbehavior and to pay $1 billion to fix a federal investigation […]

Toyota Motor recalls 66,830 Lexus cars in China

Lexus RC200t and RC300 AWD

The Chinese unit of Toyota Motor is going to recall 66,830 imported Lexus brand automobiles in the nation over possible safety concerns, China’s quality watchdog stated today. Some Lexus models, made in between June 2014 and December 2016, have issues with their braking software, China’s General Administration of Quality Supervision, Inspection and Quarantine stated on […]

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 […]