Takata Corporation President Steps Down Amid Crisis
By Sophie Williams – Takata Corporation president Stefan Stocker, will step down and Shigehisa Takad, the company’s chairman, will become president in order to unify Takata’s response to the recalls of...
View ArticleHonda Forced to Pay Record $70 Million for Underreporting Injuries
By Sophie Williams – Recently a record $70 million fine was levied on Honda Motor by safety regulators in the United States-the largest ever imposed on an automaker by the National Highway Traffic...
View ArticleThe Largest Automobile Recall Ever Now Affects 34 Million Vehicles
By Sophie Williams – Tuesday Takata decided to expand the recall of vehicles with its air bags to nearly 34 million cars and trucks, nearly double the number of vehicles previously recalled. The...
View ArticleActos Settlement Reached
It was announced Saturday that the $2.4 billion Actos settlement agreement reached on April 28, 2015 is final. The finalization of this settlement with Takeda will benefit just over 10,000 persons...
View ArticleSenate Report Reveals Mercedes, Ferrari & Daimler Vans are Selling New...
The vehicles are legal to be sold since the U.S. National Highway Traffic Safety Administration has declared they will not become potentially unsafe until exposed to high humidity for a prolonged...
View ArticleTakata Blames U.S. Division for Faulty Airbags in Internal Report
The National Highway Traffic Safety Administration released a series of reports involving Takata’s defective air bag inflators, around 100 million of which have been declared defective worldwide, with...
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