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Takata hearing progresses as industry takes its lumps

Jun. 23, 2015 12:09 PM ETTakata Corp. ADR (TKTDQ) StockHMC, TKTDQ, STLABy: Clark Schultz, SA News Editor
  • The NHTSA is on the hot seat along with Takata (TKTDY) and major automakers at a hearing in Washington D.C. on the massive air bag inflator recall.
  • NHTSA Administrator Mark Rosekind admitted to mistakes by the agency, but also called it "overwhelming" to keep pace with the document flow.
  • The actual tally of recalled vehicles may be revised lower due to some double counting.
  • Fiat Chrysler (NYSE:FCAU) and Honda (NYSE:HMC) are the two major automakers seen as having the costliest impact from the Takata meltdown.

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