DAIMLER SAYS IT HAS RECALLED 307,629 VEHICLES IN U.S.
James Chao, MD of IHS Automotive, says Takata's guilty plea is a good start but new lawsuits could potentially unfold.
Japanese auto parts maker Takata pleaded guilty to fraud Monday and agreed to pay a $1 billion penalty.
Takata may reverse policy and move to setup a compensation fund to pay damages in cases of injury or death because of faulty airbags made by the firm, the WSJ stated.
Feb 23- United Technologies Corp's Carrier unit expanded a recall of some air conditioners and heat pumps as their power cord plugs can overheat, posing a fire risk, the U.S. Consumer Product Safety Commission said on Thursday. The recall involves about 94,000 units sold under the Bryant, Carrier and Fast brands, the commission said in a statement.
Shares of Boston Scientific sink on a heart valve system recall. CNBC's Meg Tirrell reports.
Feb 23- Boston Scientific Corp said on Thursday it was recalling its Lotus Valve heart devices, citing reports of problems with the locking mechanism, sending its shares down 8 percent in premarket trading. Boston Scientific had suspended implants of another valve system, Lotus Edge, in Europe last October over similar concerns. The company said it continues to...
Feb 23- Boston Scientific Corp said on Thursday it was recalling its range of Lotus Valve heart devices, citing reports of problems with the locking mechanism. The products are expected to return to the European market and in other regions in the fourth quarter, the company added. The company's stock was down 9.4 percent at $22.79 in premarket trading.
Here are some of the key stories CNBC is following this hour:
CNBC's Contessa Brewer reports on the latest headlines including some 14,000 residents being evacuated from homes in San Jose because of rising floodwaters.
TOKYO, Feb 15- Toyota Motor Corp said on Wednesday it was recalling all of the roughly 2,800 zero-emission Mirai cars on the road due to problems with the output voltage generated by their fuel cell system. To date, Toyota has sold about 2,840 Mirai cars in Japan, the United States and some markets in Europe, as well as the United Arab Emirates. Toyota first began...
Here are some of the key stories CNBC is following this hour.
*Sets aside Y97 bln for $1 bln U.S. fine. TOKYO, Feb 10- Takata Corp on Friday said it expects to post a full-year net loss for the third consecutive year as the Japanese air bag maker anticipates costs related to the biggest automotive product recall in history will eat away at its bottom line. The costs behind the downgrade include a provision for 96.93 billion yen as...
CNBC's Sue Herera reports the latest headlines including 9th Circuit Court of Appeals announcing there will be no decision on President Trump's immigration order today.
The recall involved certain cans made in the company's Franklin Park, Illinois, facility. "We believe this was a deliberate, malicious act by an individual or individuals familiar with the quality and safety procedures at its Franklin Park, IL facility", Altria said in a e-mailed statement. A majority of U.S. Smokeless Tobacco Company's cans made at a separate...
Feb 3- Germany's BMW said on Friday it would recall 230,117 cars and sport utility vehicles in the United States that may have been fitted with faulty air-bag inflators made by Takata Corp.. The vehicles were being brought in for checks again as they may have had an air bag replaced with a Takata inflator after a crash or in a previous recall, BMW said, adding this was...
The mirrors were not properly glued to backing and the mirror can fall, posing a laceration hazard, according to the CPSC.
Disney said the recall involved nightlights with a Mickey Mouse face and red and white Santa hat filled with liquid and glitter.
The company got complaints from eight consumers in Indiana, Texas, North Carolina, Tennessee, Wisconsin and Ohio, who found some sharp metal objects in certain cans. The recall involved certain products under brands Cope, Copenhagen, Husky Brands and Skoal, which were made in the company's Franklin Park, Illinois, facility. The company said it notified the U.S. Food...
MOSCOW, Jan 30- Mercedes-Benz, part of Germany's Daimler, has begun a recall of 3,236 of its Sprinter Classic cars in Russia because of possible problems with the vehicle's front wheels, Russian standards agency Rosstandart said on Monday.