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Weak yen takes Nikkei higher; Mainland markets down 1%

Markets in Japan and South Korea outperform their regional peers, while the rest of the region faltered early Thursday.
Source: CNBC.com | By: See Kit Tang
Nikkei rises for 10th day as weak yen lifts exporters

TOKYO, May 28- Japan's Nikkei share average rose on Thursday morning, extending its gains to a 10th day as investors hoped exporters' earnings will rise after the dollar hit eight-year highs against the yen. "I thought the market would see a correction given the straight days of gains, but contrary to my initial view, it's being lifted by the weak yen," said Masashi Oda,...
Source: Reuters | By: Ayai Tomisawa
With "attitude shift", Takata moves from denial to compromise in air bag crisis

BEIJING, May 28- Japan's Takata Corp, which for months resisted U.S. regulators' demands to widen a recall over its potentially lethal air bags, has had an "attitude shift" and is in a mood to compromise to try to resolve the ballooning auto safety crisis, said a person close to the company. "'There's no use or gain in fighting the regulators' is how one Takata management...
Source: Reuters | By: Norihiko Shirouzu
Automakers to reveal models covered by wider air bag recall

DETROIT- Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp.. On Tuesday, the U.S. National Highway Traffic Safety Administration announced a deal with Takata to declare millions of its air bag inflators defective and expand the recall from 17 million to 33.8 million.
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
The latest things to know about the Takata air bag recall

DETROIT- Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers- BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
Current, former NGK Spark Plug executives indicted for price fixing

WASHINGTON, May 21- A current and a former executive of Japan's NGK Spark Plug Co Ltd were indicted on Thursday on charges of fixing the prices of spark plugs and oxygen sensors, the U.S. Justice Department said. Norio Teranishi, a former executive, and Hisashi Nakanishi, a current employee of NGK Spark Plug, were accused of conspiring to fix the prices of parts sold to...
Source: Reuters
UPDATE 4-Takata air bag recall could take years to complete

*Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.
Source: Reuters | By: Ben Klayman
TIMELINE-Takata air bag recalls since 2008

Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...
Source: Reuters
What you need to know about the Takata air bag recall

DETROIT- A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. A: Honda has the most vehicles equipped with Takata air bags. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Mitsubishi, Nissan, Saab, Subaru and Toyota dating to the 2001 model year are also affected.
Source: The Associated Press | By: By DEE-ANN DURBIN, AP Auto Writer
RPT-TIMELINE-Takata air bag recalls

Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...
Source: Reuters | By: Japanese firm Takata Corp.