GM's China joint venture to recall 2.16 million vehicles

GM's joint venture with China's SAIC will recall about 2.16 million vehicles starting Aug. 15 because the engine crankcase valves may corrode, China's principal consumer protection watchdog said today.

Takata hires financial adviser to mull restructuring options
UPDATED: 5/25/16 6:29 pm ET - adds company statement

Takata hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall

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