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Business 26 Jun 2017 | 12:37 AM

Japan's airbag giant Takata says filed for bankruptcy protection

Tokyo (AFP) - Japan's crisis-hit airbag maker Takata said it filed for bankruptcy protection on Monday, as it struggles with the fallout from the auto industry's biggest ever safety recall.

Business 26 Jun 2017 | 1:03 AM

Japanese airbag maker Takata files for bankruptcy, gets Chinese backing

TOKYO/WASHINGTON: Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

Business 05 Jul 2017 | 12:00 AM

China newspaper criticises Tencent’s top game

BEIJING: China is stepping up its scrutiny of online and mobile games, as the leading government-owned newspaper blasted Tencent Holdings Ltd’s top-grossing Honour of Kings for harming children in the pursuit of profit.

Auto 10 Jul 2017 | 11:00 PM

Honda confirms 11th U.S. death tied to ruptured Takata air bag inflator

WASHINGTON: Honda Motor Co said on Monday it had confirmed an 11th U.S. death involving one of its vehicles tied to a faulty Takata Corp <7312.T> air bag inflator.

Business 11 Jul 2017 | 12:00 AM

Jawbone demise was ‘death by overfunding’

SAN FRANCISCO: Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the “wearables” market.

Auto 12 Jul 2017 | 3:18 AM

US says 2.7 million additional Takata air bag inflators to be recalled

WASHINGTON: The U.S. National Highway Traffic Safety Administration said Tuesday that new testing is prompting Takata Corp to declare 2.7 million air bag inflators defective in Ford Motor Co, Nissan Motor Co and Mazda Motor Corp vehicles

Auto 17 Jul 2017 | 7:53 AM

Mazda recalls another 19,000 vehicles in South Africa over airbag scare

CAPE TOWN: Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday.

Auto 22 Jul 2017 | 3:20 PM

Australian man dies in faulty air bag crash

SYDNEY: An Australian man who died in a Sydney car crash may be the 18th death linked to faulty Takata air bags, after police said he was killed when hit in the neck by shrapnel from an air bag.

Business 05 Aug 2017 | 12:00 AM

Sorry is not a bad word

ARE apologies taboo in corporate Malaysia? Or are CEOs and boards incapable of publicly owning up to mistakes or failure to do their jobs well? It’s fair to say that sorry seems to be the hardest word for the men and women at the helm of our biggest businesses.

Business 16 Aug 2017 | 5:25 PM

US judge in Takata bankruptcy halts lawsuits vs automakers

CHICAGO: A US judge overseeing the bankruptcy of Japanese auto supplier Takata Corp’s US business has halted for 90 days the lawsuits brought by victims of its faulty air bag inflators against automakers, a ruling that temporarily smooths its efforts to exit bankruptcy.