Takata Corp’s U.S. unit received court approval for its bankruptcy exit plan clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company’s deadly air bags.
The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million.
Subaru said Friday it allowed uncertified staff to do inspections on some vehicles for more than three decades.
Nissan on Tuesday agreed to a $97.68 million settlement to resolve class-action consumer economic loss claims with Takata air bag inflators.
Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan.