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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Takata

Airbag supplier Takata to declare defects in 33.8 million vehicles

By
Dan Kedmey
Dan Kedmey
and
Alex Fitzpatrick
Alex Fitzpatrick
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By
Dan Kedmey
Dan Kedmey
and
Alex Fitzpatrick
Alex Fitzpatrick
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May 19, 2015, 2:25 PM ET
JAPAN-US-AUTO-TAKATA-RECALL-EARNINGS
Japan's auto parts maker Takata executive Yoichiro Nomura announces the company's financial result ended March at the Tokyo Stock Exchange on May 8, 2015.Photograph by Yoshikazu Tsuno — AFP/Getty Images

Japanese airbag manufacturer Takata Corp. will reportedly declare another 33.8 million vehicles with its equipment to be defective, roughly doubling the number of vehicles subject to recall notices over the company’s airbags.

Takata is expected to announce the defects on Tuesday, according to several U.S. officials who disclosed the details to Detroit Motor News. Automakers will then review the findings to determine if the affected vehicles must be recalled for repairs. If the vehicles are recalled, it would mark one of the largest consumer recalls in American history.

The defective airbags have already prompted automakers to recall 17 million vehicles in the U.S. after a potentially lethal fault was discovered in Takata’s airbag inflator in 2013. At least six deaths and 100 injuries have been linked to a fault that causes the airbags to suddenly explode, sending metal scraps flying into the cabin.

Regulators with the National Highway Safety Administration have launched an extended investigation into Takata Corp., pressuring the company to expand its defect notices to consumers.

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