Toyota (TM) Tests Autoliv & Nippon Kayaku Airbag Inflators

Zacks Equity Research

Updated Thu, Aug 27, 2015, 11:20 AM

Toyota Motor Corporation TM has started testing airbag inflators for use as alternatives to the defective Takata airbag inflators that resulted in million of recalls by automakers. While currently using inflators manufactured by Daicel Corp., the automaker is testing those produced by Autoliv, Inc. ALV and Nippon Kayaku Co.

Autoliv is a parts supplier for Toyota’s rival, Honda Motor Co., Ltd. HMC as well. In Dec 2014, the company announced that it will supply replacement airbag inflators for Honda. In order to satisfy the high demand, Autoliv expanded the inflator production capacity at its manufacturing facilities.

Toyota is conducting the tests to find out if the inflators made by Autoliv and Nippon Kayaku are compatible with its vehicles. The revelation was made in response to media reports that the automaker plans to buy almost 13 million airbag inflators from second-tier supplier Nippon Kayaku through 2020. Nippon Kayaku is a century-old company that produces chemicals and pharmaceuticals.

So far, automakers have faced considerable problems owing to the defective Takata airbags which can explode, shooting metal fragments, in the event of a crash. Also, long-term exposure to heat and high humidity occasionally resulted in a sudden and forceful deployment of the airbags.

Toyota currently sports a Zacks Rank #1 (Strong Buy). Daimler AG DDAIF, carrying the same Zacks Rank, is another automobile stock worth considering.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HONDA MOTOR (HMC): Free Stock Analysis Report

TOYOTA MOTOR CP (TM): Free Stock Analysis Report

DAIMLER AG (DDAIF): Free Stock Analysis Report

AUTOLIV INC (ALV): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•11h ago
Meta stock plummets 10% after second quarter outlook disappoints
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Yahoo Finance•2h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•10h ago
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•1d ago
Meta shares sink as AI doubts rise
Shares in Meta plunged on Wednesday after the US tech giant revealed plans to increase spending on artificial intelligence (AI) technology.
The Telegraph•58m ago
Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
Yahoo Finance•1m ago
Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results
Chipotle posted another strong quarter against a difficult macro backdrop.
Yahoo Finance•21m ago
JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Barrons.com•1d ago
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Mar
Bloomberg•2h ago
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•1d ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Toyota (TM) Tests Autoliv & Nippon Kayaku Airbag Inflators

Recommended Stories

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

Meta stock plummets 10% after second quarter outlook disappoints

$433 Billion Gone! One Stock Loses More Value Than Tesla

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'

Meta shares sink as AI doubts rise

Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance

Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day

Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes

The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.