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  • Editor’s Picks / 22 May 2015 at 2:58 GMT

    Can Takata survive the massive airbag recall?

    CNBC
    The risk is increasing of Takata facing a cash crunch as the cost of its global airbag recall spirals ever-upwards, analysts warn. "Takata is in a very difficult position," SMBC Nikko's manager of credit research Takayuki Atake told CNBC. The cost of the recall in the US, the largest in the country's history, could cost the Japanese airbag maker around 250 bn yen ($2.1 bn), which would "wipe out the company's capital and cash," he said. Two years after the first deaths linked to defective inflators for Takata's airbags, the Japanese company agreed on Tuesday to double the number of airbags to be recalled in the US to nearly 34m vehicles. So far, six deaths and hundreds of injuries have been associated with Takata airbags exploding due to faulty inflators.
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  • Article / 06 February 2015 at 7:24 GMT

    Market Open: US nonfarm payrolls in spotlight

    TradingFloor.com Team / Saxo Bank
    Denmark
    Market Open: US nonfarm payrolls in spotlight
    European markets are expected to open lower Friday. Market participants look forward to nonfarm payrolls data in the US along with the unemployment rate which would lend guidance with regards to the timeline for the increase in interest rates by the US Federal Reserve. Traders will also keep a tab on German industrial production figures. Yesterday, the European Commission raised its growth outlook for the Eurozone for 2015 and 2016.
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  • Editor’s Picks / 19 November 2014 at 5:55 GMT

    US car regulator seeks nationwide recall of Takata air bags

    Reuters
    The National Highway Traffic Safety Administration – the American auto safety regulator – told Japanese supplier Takata Corp and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal. The NHTSA also reprimanded Takata for what it called "an unwillingness to move forward" on a nationwide recall, and said the company needs to be open with the public about the risks of its air bags.
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