Mari's Feed
Nov 28, 2014

Japan may expand air bag recalls; worried about impact on industry

TOKYO, Nov 28 (Reuters) – Honda Motor and Mazda
Motor may have to recall another 200,000 cars in Japan
to replace Takata Corp air bags if Takata complies with
a U.S. order to recall cars across the United States rather than
just in humid regions.

Several automakers in the U.S. have issued regional recalls
of certain models to investigate what is causing some Takata air
bags to explode with excessive force. U.S. safety regulators
have ordered Takata to have those recalls expanded nationwide.

Nov 27, 2014

Toyota recalls more cars for dangerous Takata air bags

TOKYO, Nov 27 (Reuters) – Toyota Motor Corp said on
Thursday it would recall 57,000 vehicles globally to replace
potentially deadly air bags made by Takata Corp, as a
safety crisis around the Japanese auto parts maker looks far
from being contained.

Toyota’s action follows a recall by rival Honda Motor Co
for the same problem two weeks ago after revelations of
a fifth death, in Malaysia, linked to Takata’s air bag inflator.
More than 16 million vehicles have been recalled worldwide since
2008 over Takata’s air bag inflators, which can explode with too
much force and spray metal fragments into the car.

Nov 17, 2014

As Takata air bag recall toll mounts, focus shifts to risks to family control

TOKYO, Nov 18 (Reuters) – As Takata Corp comes
under scrutiny for air bag defects, bankers are weighing up the
potential fallout for the Japanese family behind the 81-year-old
company, and the third-generation CEO who controls it.

As one reference for what Takata may face, Toyota Motor
paid at least $2.6 billion over a U.S. recall crisis
four years ago linked to four deaths, all in one car. Defective
Takata air bags have been linked to five deaths; four in the
United States and one in Malaysia of a pregnant woman.

Nov 14, 2014

Takata says it is subject of U.S. criminal probe on air bags

TOKYO/DETROIT (Reuters) – Japan’s Takata Corp is the subject of a U.S. criminal investigation over defective car air bags that have been linked to five deaths, a company spokesman said on Thursday.

A federal grand jury in New York has subpoenaed Takata’s unit in the United States to produce documents on the air bag defects, the Tokyo-based spokesman said.

Nov 13, 2014

Takata says subject of U.S. criminal probe on air bag flaws

TOKYO (Reuters) – Japan’s Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) is the subject of a U.S. criminal investigation over potentially defective car air bags that have been linked to five deaths, a spokesman said on Thursday.

A federal grand jury in U.S. District Court for the Southern District of New York has subpoenaed Takata’s U.S. unit to produce documents related to air bag defects, the spokesman said.

Nov 13, 2014

Subaru maker warns against Japan sales tax hike

TOKYO, Nov 13 (Reuters) – The maker of Subaru cars warned
that a Japan sales tax hike would harm its faltering economy, as
speculation mounts that Japanese Prime Minister Shinzo Abe will
delay the rise as he faces stiff opposition from corporate
leaders and the public.

Fuji Heavy Industries Ltd is a major beneficiary of
Abe’s stimulus policies, which have sent the yen sharply lower
and bolstered profits at Japanese exporters.

Nov 7, 2014

Japan’s Sendai nuclear plant wins regional vote to restart

TOKYO (Reuters) – Regional authorities in Japan on Friday approved the restart of the idled Sendai nuclear plant of Kyushu Electric Power Co, paving the way for a revival of the stalled industry more than three years after the Fukushima disaster.

The move represents a victory for the government of Prime Minister Shinzo Abe, which has defended the importance of nuclear power for resource-starved Japan and pushed to restart its fleet of 48 offline reactors.

Nov 6, 2014

Takata warns of bigger loss, says air bag customers not cancelling

TOKYO, Nov 6 (Reuters) – Takata Corp, whose
potentially defective air bags have been linked to four deaths
in the United States, warned of a bigger full-year loss and
skipped its dividend – the first time it did not offer a payout
since it listed in 2006.

The Japanese automotive safety equipment maker has been
beset by chronic problems with defective inflators in its air
bags, which can explode with excessive force and spray metal
shards inside the vehicle. The air bags, used by many leading
car makers, are the focus of an U.S. regulatory probe and have
prompted the recall of some 17 million cars worldwide in the
past six years.

Nov 5, 2014

Recalls, uncertainty to push air bag maker Takata to wider loss

TOKYO, Nov 6 (Reuters) – Takata Corp, the Japanese
auto safety equipment maker whose potentially defective air bags
have been linked to four deaths in the United States, is likely
to warn of a bigger full-year loss when it reports quarterly
results later on Thursday.

The company’s air bags, used by many leading car makers, are
the focus of a U.S. regulatory probe and have prompted the
recall of some 17 million cars worldwide in recent years.

Nov 4, 2014

Nissan cuts global sales outlook on China slowdown

YOKOHAMA Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) cut its full-year global vehicle sales forecast on Tuesday, hit by an economic slowdown in China even as strong U.S. sales allowed it to keep its profit targets steady and nudge up its revenue estimate for the year to March.

Nissan, the most exposed of Japan’s automakers to the Chinese market, said its vehicle sales in China fell 12 percent in the July-September period and cut its full-year sales forecast for the world’s biggest auto market to 1.27 million vehicles from 1.43 million, an 11 percent drop.