Mexican Media Brands
Takata to Book $306 Million Loss on Airbag Recalls
Japan's Takata Corp. says it will record an extraordinary loss of 30 billion yen ($306 million) in the current fiscal year for warranty expenses.
#regulations
Share
Japan's Takata Corp. says it will record an extraordinary loss of 30 billion yen ($306 million) in the current fiscal year for warranty expenses.
The costs are related to a global recall of 3.4 million vehicles by at least four automakers to fix a defective Takata-made airbag component. The propellant in some airbag inflators can generate excessive pressure when ignited, potentially spraying metal fragments into the windshield or passenger footwell.
RELATED CONTENT
-
California Moves Closer to Driverless Taxi Services
California’s public utilities commission has proposed regulations that would allow services to use driverless shuttles to pick up and deliver passengers.
-
Daimler Cleared to Test Advanced Robotic Cars on Beijing Roads
Daimler AG has become the first foreign carmaker to win permission to test advanced self-driving vehicles on public roads in Beijing.
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.