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Takata Corporation
was a Japanese automotive parts company. The company had production facilities on four continents, with its European headquarters located in Germany.Anghel, Alexandru (December 10, 2009)."Takata Petri hires 1,000 people in half a year in Arad and Sibiu" '' Ziarul Financiar''. Retrieved May 25, 2015. In 2013, a series of deaths and injuries associated with defective Takata airbag inflators made in their Mexico plant led to a recall of 3.6 million cars equipped with Takata airbags. Further fatalities caused by the airbags led the National Highway Traffic Safety Administration (NHTSA) to order an ongoing, US-wide recall of more than 42 million cars, the largest automotive recall in U.S. history. In June 2017, Takata filed for bankruptcy. It was acquired by Key Safety Systems. , over 100 million airbag inflators worldwide have been recalled by more than 20 carmakers. History Takata was founded in 1933 in Shiga Prefecture, Japan, by Takezo Takada and started to produce lifeline ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Ziarul Financiar
''Ziarul Financiar'' is a daily financial newspaper published in Bucharest, Romania. Aside from business information, it features sections focusing on careers and properties, as well as a special Sunday newspaper. ''Ziarul Financiar'' also publishes Transylvania Transylvania ( or ; ; or ; Transylvanian Saxon dialect, Transylvanian Saxon: ''Siweberjen'') is a List of historical regions of Central Europe, historical and cultural region in Central Europe, encompassing central Romania. To the east and ...n, Proprietăți, Ziarul de Duminică, Profesii, După Afaceri, supplements and a monthly magazine, '' go4it!'', which is provided freely to the newspaper's subscribers. History In April 2003, ''Ziarul Financiar'' has launched a press package that together with ZF also contains its cultural supplement, the ''Sunday Newspaper'' ( Romanian: ''Ziarul de Duminică''), the weekend ''After Business'' (''După Afaceri'') supplement and the ''Discovery magazine'' (''Descoperă' ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ...
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Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16% such as in France up to 40% in countries such as Slovakia). The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860–1930), first came into use to describe automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers pioneering the Brass Era car, horseless carriage. Early car manufacturing involved manual assembly by a human worker. The process evolved from engineers working on a stationary car to a conveyor belt system where the ...
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Steering Wheel
A steering wheel (also called a driving wheel, a hand wheel, or simply wheel) is a type of steering control in vehicles. Steering wheels are used in most modern land vehicles, including all mass-production automobiles, buses, light and heavy trucks, as well as tractors and tanks. The steering wheel is the part of the steering system that the driver manipulates; the rest of the steering system responds to such driver inputs. This can be through direct mechanical contact as in recirculating ball or rack and pinion steering gears, without or with the assistance of hydraulic power steering, HPS, or as in some modern production cars with the help of computer-controlled motors, known as Power steering#Electric systems, electric power steering. History Near the start of the 18th century, many sea vessels appeared using the ship's wheel design. However, historians are unclear when that approach to steering was first used. The first automobiles were steered with a Tiller (automobi ...
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Petri AG
Petri AG was an automotive parts company based in Germany. It was acquired by the Japanese company Takata Corporation in 2000, forming the European subsidiary Takata-Petri. In 2018, operations became part of the new Joyson Safety Systems as Joyson Safety Systems Aschaffenburg GmbH, after the 2017 bankruptcy of Takata and subsequent purchase by Key Safety Systems. History Petri AG was founded in Aschaffenburg in 1899 by Richard Petri and started to produce steering wheels and interior trims. Richard Petri founded the first plant (Plant 01) in Aschaffenburg, which is now the European Headquarters of Takata-Petri. Later, Petri's firm expanded further and added other plants for the production of plastic parts, like the Plant 02 in Nilkheim, near Aschaffenburg and Plant 03 in Albertshausen, near Bad Kissingen. Steering wheel production is still located in Aschaffenburg. Other plastic components and interior trims are mostly produced in Albertshausen. Aside from these plants, ...
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Crash Test
A crash test is a form of destructive testing usually performed in order to ensure safe design standards in crashworthiness and crash compatibility for various modes of transportation (see automobile safety) or related systems and components. Types * Frontal-impact tests: which is what most people initially think of when asked about a crash test. Vehicles usually impact a solid concrete wall at a specified speed, but these can also be vehicle impacting vehicle tests. SUVs have been singled out in these tests for a while, due to the high ride-height that they often have. * Moderate Overlap tests: in which only part of the front of the car impacts with a barrier (vehicle). These are important, as impact forces (approximately) remain the same as with a frontal impact test, but a smaller fraction of the car is required to absorb all of the force. These tests are often realized by cars turning into oncoming traffic. This type of testing is done by the U.S.A. Insurance Insti ...
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Seat Belt
A seat belt, also known as a safety belt or spelled seatbelt, is a vehicle safety device designed to secure the driver or a passenger of a vehicle against harmful movement that may result during a collision or a sudden stop. A seat belt reduces the likelihood of death or serious injury in a traffic collision by reducing the force of secondary impacts with interior strike hazards, by keeping occupants positioned correctly for maximum effectiveness of the airbag (if equipped), and by preventing occupants being ejected from the vehicle in a crash or if the vehicle rolls over. When in motion, the driver and passengers are traveling at the same speed as the vehicle. If the vehicle suddenly halts or crashes, the occupants continue at the same speed the vehicle was going before it stopped. A seat belt applies an opposing force to the driver and passengers to prevent them from falling out or making contact with the interior of the car (especially preventing contact with, or going ...
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Static Line
A static line is a fixed cord attached to a large, stable object. It is used to open parachutes automatically for paratroopers and novice parachutists. Design and use A static line is a cord attached at one end to the aircraft and at the other end to the top of the jumper's "D-Bag" (deployment bag, into which the canopy is packed). The parachutist's fall from the aircraft causes the static line to become taut, this then pulls the D-Bag out of the container on the jumper's back. The static line and D-Bag stay with the aircraft as the jumper leaves, and are pulled back into the aircraft by the dispatcher. Now free of its D-Bag, the canopy is allowed to inflate as the jumper continues to fall. Effectively, the parachute is dragged behind the jumper, causing the upward-rushing wind to force open and inflate the canopy. The canopy should inflate and begin supporting the jumper within four seconds. In the unlikely event of a malfunction, students are taught how to cut away the mai ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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NHTSA
The National Highway Traffic Safety Administration (NHTSA ) is an agency of the U.S. federal government, part of the Department of Transportation, focused on automobile safety regulations. NHTSA is charged with writing and enforcing Federal Motor Vehicle Safety Standards (FMVSS), regulations for motor vehicle theft resistance, and fuel economy, as part of the Corporate Average Fuel Economy (CAFE) system. FMVSS 209 was the first standard to become effective on March 1, 1967. NHTSA licenses vehicle manufacturers and importers, allows or blocks the import of vehicles and safety-regulated vehicle parts, administers the vehicle identification number (VIN) system, develops the crash test dummies used in U.S. safety testing as well as the test protocols themselves, and provides vehicle insurance cost information. The agency has asserted preemptive regulatory authority over greenhouse gas emissions, but this has been disputed by state regulatory agencies such as the Califo ...
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