VENTURE CAPITAL POST

US safety regulator announced Wednesday that Takata still need to recall its defective airbags. NHTSA said unless Takata proved them to be safe, all remaining airbags in US vehicles must be recalled eventually.

Takata airbag issues face many discrimination aside from fines and lawsuit resulting to sales decline along with other automakers who recalled their vehicles. The automakers formed an independent coalition and hired Utah-based Orbital ATK to conduct the investigation who discovered three factors that cause airbag rupture.

Michelin posted an increase of 19% in its earnings for the year 2015 helped by low raw material costs and its restructuring activities in Europe. The company also expects strong demand for its tires in 2016.

Toyota decides to drop Takata as their airbag supplier last week. Previously, other automakers have ditched Takata as their airbag suppliers as well. This gives a devastating blow to Takata, whose shares drop 25% after series of incidents related to airbags defect.

Fiat Chrysler is taking responsibility and recalled some 900,000 vehicles all over the world due to chronic airbag problems. According to NBC News, the giant car maker issued a recall on Friday for about 316,000 2003 Jeep Liberty and 2004 Jeep Grand Cherokee models.