Asian equities were mostly higher on Wednesday following better-than-expected U.S. growth data but commodity prices weighed on risk sentiment.» Read More
Automakers have recalled 8 million vehicles in the U.S. to fix a problem with air bags made by Takata Corp. The air bags can explode with too much force, sending shards of metal into the passenger compartments. Boundaries of the recalls vary, but generally they include Florida, Puerto Rico, Guam, Saipan, American Samoa, the U.S. Virgin Islands, Hawaii and "limited areas...
*Takata exec says company's inflator capacity increase to 450,000 units per. *Takata exec says if his company's products have not been recalled he believes. *Takata exec says ammonium nitrate has several advantages but its sensitivity.
About 14 million autos have been recalled globally due to air bags that have ruptured, injuring passengers. Here's a primer on how they work.
*Senators push Takata to expand recall across U.S. *Takata insistent that regional recall is sufficient. WASHINGTON/ DETROIT, Nov 20- Executives from Japan's Takata Corp and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into...
DETROIT, Nov 20- Takata Corp:. *Takata exec says in senate hearing that company started looking into the issue in May 2005. *Honda exec says 2004 incident in honda vehicle involving Takata air bag was not known by the supplier until May 2005.
WASHINGTON— The global quality chief of Takata Corp. apologized and an official from Honda acknowledged the automaker broke a disclosure law as a Senate committee put the spotlight on a growing problem with exploding air bags. Hiroshi Shimizu, Takata's senior vice president of quality, said the Japanese parts supplier is "deeply sorry and anguished" about...
Ford Motor Co. rose$. 15 or 1.0 percent, to $15.59. General Motors Co. fell$. 05 or. 2 percent, to $32.10. Honda Motor Co. fell$. 09 or. 3 percent, to $31.04.
*Honda motor co N. American VP Rick Schostek in perpared testimony. for senate hearing says company is continuing to work with Takata to increase. *Exec says Takata advised it a Honda model involved in 2004 air bag rupture.
Asian equity markets were mixed, as traders reacted to key economic data from Japan and China. Declining commodity prices also weighed on resource-heavy bourses in the region.
*Takata, auto execs to testify at U.S. hearings. *BMW backs Takata air bag output shift to Germany. WASHINGTON/ TOKYO, Nov 20- Executives from Japan's Takata Corp and two automakers will face tough questions from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.
The victim died in a Honda car and at the time the probe focused on the carmaker and Takata Corp, its supplier, and the risk that air bags could rupture, shooting shrapnel into the car. It is not clear what, if any, useful details the material offered by Takata in May 2010 contained or of it would have affected subsequent probes. According to an e-mail exchange between...
*Takata, auto execs to testify at U.S. hearings Thursday. *BMW to shift Takata air bag output to Germany from Mexico. WASHINGTON/ TOKYO, Nov 20- Takata Corp faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto parts maker.
TOKYO, Nov 20- Japanese stocks edged up on Thursday as a further weakening of the yen boosted market sentiment. The Nikkei benchmark added 0.2 percent to 17,318.85 "A huge chunk of Japanese corporate profits come from overseas, and with the weak yen, investors are rushing to buy today," said Takashi Hiroki, chief strategist at Monex Inc. in Tokyo.
DETROIT, Nov 19- Takata plans to shift production of BMW air bag inflators from Mexico to Germany, the automaker said on Wednesday in a filing with U.S. safety regulators who have been probing questions about the quality of manufacturing at the plant. Automakers that use the Takata inflators, including Toyota Motor Corp, warned that it was not feasible to switch to...
Ford Motor Co. fell$. 06 or. 4 percent, to $15.44. General Motors Co. fell$. 12 or. 4 percent, to $32.15. Honda Motor Co. fell$. 52 or 1.6 percent, to $31.13.
Honda has a fuel-cell concept car, the FCV, which is expected to go on sale in 2016, while Volkswagen is showing a fuel-cell version of its Golf wagon. Mercedes, Audi and Porsche will also have important introductions at the show. AUDI: The German luxury brand hints at its new design direction with a concept sedan, the Audi Prologue.
Ford Motor Co. fell$. 06 or. 4 percent, to $15.44. General Motors Co. fell$. 07 or. 2 percent, to $32.20. Honda Motor Co. fell$. 50 or 1.6 percent, to $31.15.
Ford Motor Co. fell$. 18 or 1.2 percent, to $15.32. General Motors Co. fell$. 12 or. 4 percent, to $32.15. Honda Motor Co. fell$. 62 or 2.0 percent, to $31.03.
Takata Corp. insists that current recalls covering 8 million U.S. cars in high-humidity areas are sufficient. "Takata's initial response, yes, an unwillingness to move forward," David Friedman, the agency's deputy administrator, said Tuesday. Takata has so far set aside over $400 million to cover recall costs in the U.S. and globally.
Toyota will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid.