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Posts tagged to car parts

Takata: Exploding end to a scandalous journey

MarketLine

Takata started out as a textile manufacturer more than 80 years ago and in 1960 expanded into the car parts manufacturing business, riding the wave of industrial expansion in Japan. After teaming up with Honda it became a leader in auto safety systems that also served overseas clients. In the late 80s, the company became the subject of an official investigation due to a reported failure of its seatbelts installed in many Takata-equipped Honda vehicles. The investigation led to the second largest safety recall in US history, affecting 8.9 million… Read more