Takata subpoenaed by
Federal grand jury.
In
continuing coverage of the exploding Takata airbags, the company has received a
subpoena to produce documents before a Federal grand jury in New York. The US
Senate has scheduled a hearing on the issue to be attended by officials from
Takata, Honda, and NHTSA. Also, a pregnant woman killed in Malaysia during July
when she was hit by shrapnel following a car crash has been connected to the
defect.
The CBS Evening News (11/13, story 5, 0:25, Pelley, 5.08M) reports that
Takata “confirmed today that it is the subject of a criminal investigation in
the United States over defective air bags that it made for Honda cars.”
Reuters (11/14, Shiraki, Saito) reports that
Takata revealed that it was being investigated during a meeting with financial
analysts. Reuters reports that Takata CEO Shigehisa Takada said in a statement
posted on the company’s websites, “Our whole company will strengthen our
quality management structure and work to prevent an incident from occurring
again.”
Bloomberg News (11/14, Horie, 1.94M) reports
that Hitoshi Sano, Takata’s investor relations head, said in a phone interview
that he did not know when the company received the subpoena.
The Detroit (MI) News (11/13, 504K) reports that the
Senate Commerce Committee plans to hold a hearing on the matter on November 20
and will be chaired by Sen. Bill Nelson (D-FL). Aside from criticizing the
companies, Nelson also said NHTSA “has not been right upfront, forward-leading
and aggressive to protect the public.” The News also quotes Takada Shigehisa’s
statement, in which he said “We will continue to fully cooperate in the inquiry
or request of the relevant authorities.”
Similar coverage was provided by the AP (11/13), the Detroit Free Press (11/14, 974K), Bloomberg News (11/12, 1.94M), the New York (NY) Times (11/14, Tabuchi,
Subscription Publication, 9.9M), USA Today (11/13, 9.86M), Business Insider (11/14, 2.38M), and Law 360 (11/14, 18K).
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