Assets in Airbags: Lacero Solutions turns airbags to recyclable materials

Toronto, Ontario ⁠— When the Takata airbag crisis first gripped the globe in 2018, Keshav Kochhar and his team saw an opportunity and took to the drawing board to create an innovative solution for safely destroying and recycling end-of-life and defective/recalled airbags. Since then, their company Lacero Solutions has received and deployed 275,000 airbags and […]

Tuesday Ticker: February 2, 2021

Toronto, Ontario ⁠— In this week’s Tuesday Ticker, Magna teases big outcomes regarding its forthcoming partnership with LG, a Toronto-based auto parts manufacturer sets its sights on the TSX and Ford files Takata-related losses with the U.S. Securities and Exchange Commission. Magna charges on An impending electrified partnership between Aurora, Ont. based parts manufacturer Magna […]

Former Takata execs charged, Ford and Honda expand recall

Three former Takata executives have been charged with one count of conspiracy to commit wire fraud and five counts of wire fraud for transfers of funds. The charges stem from their alleged involvement with covering up faulty Takata airbag inflators.

By Mike Davey Detroit, Michigan — January 15, 2017 — Three former employees of Takata have been formally indicted by a US federal grand jury in Detroit. The charges stem from the well-known issues surrounding Takata airbags in recent years. The executives are alleged to have concealed defects in the company’s airbag inflators. A statement […]

Takata airbag recall continues to expand

Japan's transport ministry announced on Friday an addition 7 million vehicles to be recalled.

Detroit, Michigan — May 30, 2016 — The Takata airbag recall continues to grow. On Friday, the Japanese transport ministry announced that 7 million additional recalls related to Takata, covering air bag inflators that do not have a chemical drying agent. The US-based National Highway Traffic Safety Administration (NHTSA) has also posted documents showing recalls […]

Total Takata airbag recall now possible

By Jeff Sanford Toronto, Ontario — February 17, 2016 — The Takata airbag saga seems to be inflating to a new level of complexity and concern. Last month Federal safety regulators in the US confirmed that a South Carolina man died in December as a result of an explosion in a Takata airbag that wasn’t […]