Takata cuts exec pay over airbag recall

Five death have been linked to Takata’s malfunctioning airbags. Takata is slashing the pay for its top executives and demoting its president as the Japanese firm faces an angry fall-out for selling defective, exploding airbags. President and Chief Operating...

Takata President Steps Down, Top Execs Take Pay Cut

Takata Corp., the embattled auto parts supplier at the center of a spiraling controversy around dangerously malfunctioning airbags, announced today that its recently-installed president will step aside, with top executives taking a temporary pay cut. Stefan Stocker,...

Mercedes Developing Electric Vehicle Platform

Share this Article Tweet Mercedes-Benz is in the early stages of developing a new platform that will be able to underpin a range of electric vehicles. The modular architecture will be able to serve as the basis for vehicles spanning a wide range of wheelbases,...