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Business Events Product Recalls

  • DETROIT— Takata Corp. filed for bankruptcy protection in Japan and the U.S., leaving consumers to wonder about the status of the recall of about 70 million defective air bag inflators in the U.S. and another 30 million worldwide. Takata says in Japan the figure is closer to 70 percent. Takata's assets are expected to be sold for $1.6 billion to a rival company, Key...

  • *Takata files for protection in Japan, U.S. *Liabilities estimated by analysts at $15 bln. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key...

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. TK Holdings, its U.S....

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

  • Takata files for bankruptcy

    Takata, the company at the center of the biggest auto safety recall in history, has filed for bankruptcy.

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...

  • TOKYO, June 26- Takata Corp, at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. 1989- Takata TK Holdings Inc unit set up in North Carolina. 2003- Takata learns of a rupture during airbag deployment in a vehicle in...

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • A man walks past a sign board of Japanese auto parts maker Takata Corp's Annual General Meeting in Tokyo June 26, 2014.

    Takata is expected to face steep recall costs that may not be fully covered by the sale of assets to U.S.-based Key Safety Systems.

  • Japanese air bag maker Takata Corp. filed for bankruptcy protection in Tokyo and the U.S. on Monday, saying it was the only way to ensure it could carry on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people. Most of Takata's assets will be bought by rival Key Safety Systems, a Chinese-owned company based in suburban...

  • June 26- Key Safety Systems said on Sunday that it had reached a deal with Takata to purchase nearly all of its assets for about 175 billion yen, after the air-bag maker filed for bankruptcy in the United States and Japan. Takata, the firm at the centre of the auto industry's biggest ever product recall, said proceeds from the sale would be used to settle a plea...

  • *Takata board held meeting this morning in Tokyo- Japan media. *Bankruptcy filings coming soon in Japan- Reuters sources. TOKYO, June 26- Japan's Takata Corp, the firm at the centre 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, a source said.

  • TOKYO, June 26- Japan's Takata Corp decided on Monday to file for bankruptcy protection in Japan with liabilities of more than 1 trillion yen, Japanese media reported, as the auto parts supplier has struggled due to its defective air bag inflators at the centre of the auto industry's biggest ever product recall. Chapter 11- style bankruptcy protection...

  • DETROIT— Japanese air bag maker Takata Corp. filed for bankruptcy protection in Japan and the U.S., acknowledging that the financial problems caused by millions of faulty air bag inflators that can kill or injure people were too much to overcome. Takata's assets are expected to be sold for $1.6 billion to a rival company, Key Safety Systems, and part of Takata will...

  • Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators linked to the deaths of at least 16 people. The company announced the move Monday morning Tokyo time. Takata confirmed that most of its assets will be bought by rival Key...

  • More than 100,000 office chairs are being recalled because of faulty legs. They were sold at Staples stores nationwide and online at staples.com, staplesadvantage.com and quill.com from October 2014 through April 2017. FOR MORE: Call Staples at 866-755-1321 from 8 a.m. to 8 p.m. ET Monday through Friday, or register at www.seatingrecall123.com, or go to...

  • Britax B-Agile/B-Safe 35 and B-Safe 35 Elite Travel Systems Recall

    Britax Child Safety is recalling over 207,000 rear-facing infant car seats because part of a clip can break and cause a choking hazard.

  • DETROIT— Britax Child Safety is recalling over 207,000 rear-facing infant car seats because part of a clip can break and cause a choking hazard. The recall affects B-Safe 35, B-Safe 35 Elite and BOB B-Safe 35 seats made from Nov. 1, 2015 to May 31, 2017. Britax says in government documents that parts were found in the mouths of three children but no choking injuries...

  • *Recall in response to customer complaints from China. BEIJING, June 20- British sports car maker Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which some cars stalled and lost power, its CEO told Reuters. Chief executive Andy Palmer said the...

  • A line of children's robes are being recalled because they fail to meet flammability standards. They were sold at children's specialty stores nationwide and at www.littlegiraffe.com from November 2012 through March 2017. FOR MORE: Call Little Giraffe at 201-6613 from 10 a.m. to 4 p.m. PT Monday through Friday or visit www.littlegiraffe.com and click on "...