Ford agrees to $299M Takata airbag settlement

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Ranger Danger: Ford Warns Owners of 2006 Ranger to Stop Driving Due to High-Risk Takata Airbags

– Owners of 2006 Ford Ranger and Mazda B-series pickups are at such high risk of their Takata airbags exploding and potentially killing them even in a minor accident that they should “immediately” stop driving them, according to the automakers. – More than 32,000 additional vehicles are being recalled to replace both the driver and passenger […]

Ford urges 2,900 pickup owners to stop driving after new Takata death

WASHINGTON – Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving immediately until they can get replacement parts. The second largest U.S. automaker said it confirmed in late […]

Massive Takata Airbag Recall: Everything You Need to Know, Including Full List of Affected Vehicles

– The automotive world and beyond is buzzing about the massive airbag recall covering many millions of vehicles in the U.S. from nearly two dozen brands. Here’s what you need to know about the problem; which vehicles may have the defective, shrapnel-shooting inflator parts from Japanese supplier Takata; and what to do if your vehicle […]

Honda will pay $605 million in a settlement over Takata air-bag flaws

Thomson Reuters (Reuters) – Honda will announce a $ 605 million economic loss settlement on Friday covering 11.4 million owners of U.S. vehicles with potentially faulty Takata air bag inflators, sources briefed on the matter said. The Japanese automaker joins other major automakers that have reached similar settlements, and agreed to take additional actions to […]

Honda says Florida crash death could be linked to Takata inflator

Honda said on Thursday that a Takata airbag inflator ruptured in a car crash last week in Florida, in what could be the 19th death worldwide linked to faulty airbags recalled as part of the largest automotive safety campaign in history. Honda said the driver of a 2002 Honda Accord was killed in Holiday, Fla., […]

Takata bankruptcy benefits automakers, not victims, lawyers say

WILMINGTON, Del. – Lawyers for people injured by exploding Takata air bags told a US bankruptcy court judge on Tuesday that the company’s restructuring plan is being skewed to benefit automakers over victims. TK Holdings, the US business of Takata, filed for Chapter 11 bankruptcy on Sunday due to tens of billions of dollars of […]

Takata Files for Bankruptcy, Sells Business to Michigan Supplier

– Takata filed for bankruptcy Monday and will sell a majority of its business to Michigan-based Key Safety Systems for $ 1.6 billion, according to court filings and company statements. – As reported last week, Key Safety Systems—owned by Chinese electronics supplier Ningbo Joyson—emerged as the leading bidder for Takata. However, Takata’s airbag division will […]

Takata US subsidiary files for Chapter 11 bankruptcy, Japanese procedure expected to follow

Japan’s Takata Corp, the firm at the center of the auto industry’s biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen ($ 9 billion), a source said. The decision came at a special meeting of the airbag maker’s board, public broadcaster NHK said. […]