Latest in Tag: Takata Highlight

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Latest in Tag: Takata

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Automakers settle over faulty Takata airbags

Four of the world’s biggest carmakers have agreed to a multi-million-dollar settlement after their customers sought compensation in the wake of a mass recall of faulty Takata airbags.The settlement deal is worth $553 million (497 million euros) and covers claims of about 16 million vehicle owners who had sued carmakers Toyota, BMW, Mazda and Subaru …

Deutsche Welle
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No end to Takata stock freefall

Shares of troubled Japanese airbag maker Takata have continued their downward slide as the company braces for a drawn-out bankruptcy restructuring. The firm is at the center of the auto industry’s biggest recall.Takata shares tumbled again on Monday, diving nearly 18 percent on the Tokyo Stock Exchange on fears of a protracted bankruptcy restructuring for …

Deutsche Welle
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