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.
Orbital ATK
Breaking News
Japan's Takata Corp (7312.T) said it expects to return to profit this financial year on higher Asian and U.S. sales, but the troubled company made few provisions for possible costs related to a massive global recall of its exploding air bags.
Subscribe to VCpost newsletter
Most Popular
- This Crypto Blockchain Emerges as Preferred Platform by Terrorist Groups Like Hamas and Hezbollah
- Despite AI Hype, New Data Shows Only Few US Companies Are Actually Using It
- Apple and Paramount Streaming Bundle Report Spurs Rise in Media Stocks
- Shein Files for US IPO as Chinese-Founded Fashion Giant Seeks to Expand Global Reach
- Amazon Introduces an AI Chatbot for Businessess Called Q
- Germany's Unemployment Rate Rises to Highest Since 2021
- Denmark Set to Remove 1,000 Crown Banknote From Circulation
- US to Prevent China From Supplying Battery Materials for EVs Set to Receive Billions in Tax Credits
