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...The German luxury carmaker stalled on electric cars; fell prey to most every vehicle scandal going (deploying diesel emissions cheat devices and Takata’s exploding airbags); and was obliged to unstitch a...
...The company’s earnings have been hit by charges relating to regulatory clampdowns on diesel emissions and a recall of faulty Takata airbags....
...Daimler had also found “new information leading to a revised risk assessment” of an extended global recall of faulty car airbags made by Japan’s Takata, adding another €1bn of provisions....
...Japanese safety equipment maker Takata avoided a €195m fine for the same offence by revealing the existence of the collusion....
...Recalls linked to the Takata-made airbags in the US alone total at least 28m. The company’s airbag inflators can explode when deploying, scattering shrapnel into the face of a driver or passenger....
...Japan has had a string of disasters, from Kobe Steel (faked quality certification) to Nissan (unqualified vehicle testers), Takata (exploding airbags) and Toshiba (accounting scandal)....
...Yet experts said any fallout from the current recall was largely the fault of Takata....
...Although the number is small compared with the more than 30m recalls following the Takata airbag scandal, it highlights the numerous fronts carmakers have to focus on in a rapidly changing industry....
...But in a statement released before the main VW results came out, Audi said: Due to special items posted in the first three quarters for the V6 3.0 TDI engine issues and Takata airbags, we are now assuming...
...On Fiat, New York’s AG Eric Schneiderman has already said he “stands ready” to investigate....
...Takata recalls doubles in size The safety recall that was already the biggest in history more than doubled in size on Wednesday when US regulators ordered Japan’s Takata to recall a further 35m to 40m more...
...However, Audi incurred costs relating to the emissions scandal and defective airbags made by Japan’s Takata, and now expects its operating margin to fall below the full year target of 8 to 10 per cent....
...In the release, the company noted that the higher profits did not include “special items”, including a €440 charge over the Takata airbag affair, and €400m for “expenses related to legal proceedings”....
...The global auto industry has been rocked by scandal over the past two years, first with the mass recalls prompted by concerns on airbags made by Japanese firm Takata, and subsequently by the Volkswagen emissions...
...Takata said its condolences went out to the family of the driver killed in December....
...The global auto industry has been rocked by several scandals over the past two years, including mass vehicle recalls prompted by safety concerns over airbags made by Takata, the Japanese company....
...more the issue of trust in a sector already low on public confidence after high-profile vehicle recalls, including General Motors’ deadly ignition switches, Toyota’s “unintended acceleration” fault, and Takata...
...Fresh accusations by one of the country’s former star traders, Hideto “Eddy” Takata, only underlined the broad range of issues the regulator may have to confront....
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