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TKTDY News

Short-Sale Portfolio Made Up of Japan's Corporate Cheats

Toray Industries this week acknowledged falsifying product-quality data, but it is only the latest company in Japan to stub its toe in a big way.

Ford Petitioning to Avoid 2.2 Million Vehicle Recall Over Airbags

Ford is facing a massive recall over defective airbags in the vehicles made by Japanese auto supplier Takata.

Japan's Takata Expected to File for Bankruptcy

Takata's liabilities are seen surpassing 1 trillion yen ($9.02 billion) after a huge global recall of air bags connected to deadly explosions.

Takata Stock Rises 20% in Tokyo After Automakers Agree to Contribute to Victim Settlement Fund

Toyota, Mazda, BMW and Subaru will contribute $553 million to settle victim claims.

Automakers Reach $553 Million Settlement Over Takata Class-Action Suit

Toyota's share of the settlement costs is $278.5 million, followed by BMW at $131 million, Mazda at $76 million and Subaru at $68 million.

Breaking News

Ford Makes a Major Change

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

Tesla Q2 Deliveries Slump To 254,695 As Shanghai Shutdown, Supply Chain Snarls Take Toll

Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

Coinbase Faces A New Scandal

The platform denies selling proprietary customer data and announces it is expanding into several European countries.