Viewing entries tagged with 'Airbags'

European Commission announces fines

The European Commission (EC) has announced fines for car parts makers Autoliv and TRW (now acquired by ZF Friedrichshafen) for a cartel in the supply of airbags, seatbelts and steering wheels to the Volkswagen and BMW groups.

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Hyundai creates world’s first multi-collision airbags

South Korean automaker Hyundai has announced the development and future availability in its Hyundai and Kia cars of what is claimed as the world’s first multi-collision airbag system.

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ZF redevelops external pre-crash airbag

Transmission supplier ZF has revealed an airbag-based strategy for autonomous vehicles.

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Takata whistleblowers receive US$1.13m

US law firm Constantine Cannon has announced that two of its whistleblower clients will receive more than US$1.13m to settle their claims for whistleblower awards for information they provided to the US government in its criminal case against Takata, the now-bankrupt maker of defective airbags.

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Toyoda to build airbag plant in Vietnam

Toyoda Gosei plans to establish a new US$24.6m plant for producing airbag parts in the northern Vietnamese province of Thai Binh. Construction is expected to start in March 2018.

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Hyosung raises airbag output in Mexico

Hyosung is increasing airbag cushion output to almost 40m units a year in Mexico, having started up a new plant in the country.

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KSS to purchase substantially all of Takata’s assets

Key Safety Systems (KSS), headquartered in Sterling Heights, Michigan, USA, and Takata, a supplier of automotive safety systems such as seatbelts, airbags and child seats, have reached an agreement in principle to sponsor a restructuring plan for the purchase of substantially all of Takata’s global assets and operations by KSS for an aggregate purchase price of US$1.6bn, subject to certain adjustments at closing.

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Honda develops airbag for compact scooters

Honda Motor has launched an airbag for compact scooters in collaboration with safety systems supplier Autoliv.

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Scandal-hit airbag maker files for bankruptcy in Japan and the US

Takata, the Japanese automotive supplier at the centre of an unprecedented global recall of exploding airbags, has filed for bankruptcy protection in Japan and the US, with its liabilities exceeding US$9bn, to address massive recall costs.

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Four automakers announce Takata settlements

BMW, Mazda, Subaru and Toyota have announced agreements to resolve economic loss claims in the Takata multi-district litigation in the US.

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