Air pollution “doesn’t care about political boundaries. A car in Germany can easily have significant impacts in neighboring countries, especially in densely populated areas such as the European continent.”
The embattled airbag maker will notch a net loss of more than $560 million for the year through March — close to $740 million below what was expect — in large thanks to settling a criminal investigation.
Two days after Key Safety Systems emerged as the leading restructuring sponsor, shares of the embattled airbag maker dropped the daily maximum on speculation that it might have to go through court-led bankruptcy.
After months of investigation, the South Korean tech giant will announce that the fires and overheating that forced it to scrap its Note 7 line were caused by batteries that didn’t fit properly in the phones.