Takata Bankruptcy Benefits Automakers Over Victims
Most of Takata's obligations are owed to automakers for recalling and replacing millions of its air bags, and the Japanese supplier's restructuring plan relies heavily on financial support from its customers.
Takata Corporation To Pay $1B Over Airbag Fraud
Takata to pay $1 billion over its air bag fraud and at least 3 executives criminally charged.
Top Scandals That Rocked The Automotive Industry For 2016: A New Years Recap
The 2016 automotive industry suffered decline in its finances as major recall and scandals came out. From diesel emission cheating to airbag failure, let’s see what highlighted the car scene this past year.
Honda Recall More Of Its Vehicles, This Time The 2017 Ridgeline Pickup Truck
Honda takes another step towards safety as they issue another recall of their vehicles. This time, they are recalling their 2017 Honda Ridgeline pickup trucks for a possible faulty wiring harness.
Honda Recalls More Than 600 Thousand Minivans In The United States
Honda Motors announced that they would be recalling more than 600 thousand of their minivans due to defective second row seats. The second row seats could unexpectedly move in the case of a collision.
Takata Recall: Tesla, McLaren And Ferrari Are Included On The List Of Cars With Defective Airbags
Japanese company, Takata, is in deeper trouble as more car brands are added to the list of defective airbags that has caused at least 16 fatalities worldwide. Among the car brands are McLaren and Ferrari.
Subaru Takes A Major Step To Correct Its Past Mistakes
Subaru, auto maker for the famous WRX STI and the BRZ, have been in trouble for defective wiper motors and airbags have recalled more than half a million cars to correct the mistake.
AutoNation Sets For A $500 Million Expansion To Solve Net Income Drop
The auto retailer has suffered a quarterly net income drop. AutoNation now plans a $500 million worth of expansion.
Takata Airbags Bring Problems Again; General Motors Co., Daimler AG's Mercedes-Benz, BMW AG, Jaguar Land Rover And A Whole Lot More Feel The Heat
Takata airbags once more affected various segments such as the General Motors Co., Daimler AG's Mercedes-Benz, BMW AG and the Jaguar Land Rover.
Airbag Maker Takata’s Future On The Rocks In The Largest Automotive Recall
Airbag maker Takata recalled between 30 and 40 million cars because of exploding airbags.