Article Related To Takata Corp

People injured by Takata Corp's defective air bags were given an official role in the bankruptcy of its U.S. unit on Thursday.

In one of Japan's biggest bankruptcies, Takata is facing tens of billions of dollars in costs and liabilities resulting from almost a decade of recalls and lawsuits.

Takata Corp, the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file for bankruptcy as early as next week.

Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators.

Honda Motor Co on Friday said it was recalling about 443,000 vehicles including its Fit compact cars in Japan over potentially faulty air bags manufactured by Takata Corp.

Honda Motor Co. said on Monday it was not considering fresh lending to Takata Corp, either on its own or as part of a group of Japanese automakers.

A US judge has rejected a bid by air bag manufacturer Takata Corp and Honda Motor Co to toss out a class-action lawsuit on behalf of millions of owners with potentially faulty airbag inflators.

Nissan Motor Co said on Saturday it will not use air bag inflators made by Japanese auto parts supplier Takata Corp in its cars.

About half the replacement air-bag kits that Takata Corp. shipped to automakers last month have inflators made by competitors.

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