|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||-0.03|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Takata Corp's (7312.T) bankruptcy filing last month was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more air bag inflator recalls suggests automakers could face fresh liabilities in the future. In late-2015, U.S. regulators gave Takata until the end of 2019 to prove that its air bag inflators - which now have a drying agent to combat moisture that can degrade the ammonium nitrate compound in its inflators, with potentially lethal results - are also safe. If Takata fails that test - and some industry consultants, explosives experts and former employees question whether the workaround guarantees safety over the long-term - it may have to recall all its ammonium nitrate-based inflators.
Lawyers for people injured by Takata Corp's defective air bags told a U.S. judge on Tuesday there was "no basis" for an "unjust" request by the company's U.S. unit to halt hundreds of consumer lawsuits against car companies that used the air bags. When the U.S. unit filed for bankruptcy in June, litigation against the unit for injuries, wrongful death, economic losses and breaches of consumer protection laws were automatically stayed. Last week, Takata's U.S. unit asked for a preliminary injunction that would halt similar lawsuits against Honda Motor Co, Toyota Motor Corp and other car companies that used the air bags.
WILMINGTON, Del./NEW YORK (Reuters) - The global recall of Takata Corp's defective air bags widened last week and the number of confirmed deaths rose, but legal experts said the bigger worry for car companies caught in the fallout is playing out in a Delaware bankruptcy courtroom. Earlier this month, people injured by the air bags, which degrade over time and can inflate with excessive force, were appointed to their own official committee in the Japanese company's U.S. bankruptcy, giving them a powerful voice in the proceedings. This unusual committee, which includes people whose cars lost value due to the recall, will be pitted against Honda Motor Co, Toyota Motor Corp , and other automakers.