Honda, Ford to testify at U.S. Senate Takata hearing -aides

From Reuters - March 13, 2018

WASHINGTON (Reuters) - Executives from Honda Motor Co (7267.T), Ford Motor Co (F.N) and Key Safety Systems will testify at a March 20 hearing on the ongoing massive Takata Corp (TKTDQ.PK) air bag inflator recalls of more than 60 million vehicles, committee aides briefed on the matter said Tuesday.

A Senate Commerce subcommittee is holding a hearing on the largest-ever recall in automotive history that some lawmakers say is moving too slow.

The hearing will include National Highway Traffic Safety Deputy Administrator Heidi King; John Buretta, the independent monitor of the Takata recall program,; Honda North America Executive Vice President Rick Schostek and Desi Ujkashevic, global director of Fords automotive safety office.

Takata said in June that it has recalled, or expected to recall, about 125 million vehicles worldwide by 2019, including more than 60 million in the United States in vehicles built by 19 automakers.

At least 22 deaths and hundreds of injuries worldwide are linked to the Takata inflators that can explode with excessive force, unleashing metal shrapnel inside cars and trucks. The defect led Takata to file for bankruptcy protection in June.

Under the bankruptcy plan, Takata is selling its non-air bag inflator businesses to Key Safety Systems, a unit of Chinas Ningbo Joyson Electronic Corp (600699.SS). Joe Perkins, chief financial officer of Key Safety Systems, will also testify at the Senate hearing, as will David Kelly, a former NHTSA official who is director of a coalition testing Takata inflators.


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