Nov. 27, 2014, 3:10 AM
- The NHTSA has given Takata (OTCPK:TKTDY) until Tuesday to declare that its air bag inflators are defective and issue a recall. If it does not comply, the NHTSA could begin steps to fine the Japanese air bag supplier up to $7K per vehicle and could force a recall.
- Takata has so far resisted the U.S. regulator's call to broaden its recall, which is currently limited to a few high-humidity states and territories where initial reports of air-bag ruptures have occurred.
- Stepping up its recalls today, Toyota (NYSE:TM) has announced that it would replace Takata air bags in 57,000 vehicles, and its subsidiary, Daihatsu (OTCPK:DHTMY), would recall 27,571 Mira minivehicles for the same reason.
- Yesterday, the NHTSA demanded that Chrysler (NYSE:FCAU) expand its Takata recall nationwide and begin notifying customers of the new campaign by Monday.
- Previously: Takata air bag crisis continues
- Previously: U.S. calls for national recall of defective Takata air bags
- Previously: Takata gets hit with U.S. criminal probe
Aug. 10, 2014, 7:08 AM
- Toyota (NYSE:TM), Honda (NYSE:HMC) and Nissan (OTCPK:NSANY) are the latest carmakers to slash prices on auto products and spare parts in China, following the continuing antitrust investigation into the Chinese auto parts industry.
- This past month, only automakers BMW, Mercedes-Benz, Audi, Chrysler and Jaguar Land Rover cut their prices due to the Chinese National Development and Reform Commission's expanded investigation. However, it now looks as though the probe extends beyond foreign luxury auto brands.
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