This on top of the car recalls makes me wonder if there is more to come from Toyota Corp.
BTW, Weber Aircraft makes some fine seats in Gainesville Texas (I worked there for 2 years when I was in college here). It is now a part of the French Zodiac Group but still in business here and expanded the factory not too long ago. I'm sure they would be glad to ramp up production and replace those bad seats.
BUY AMERICAN! (IMG:
style_emoticons/default/Flag-us.gif)
http://www.zodiacaerospace.com/content/group-en/index.phpQUOTE
Koito Plunges on 150,000 Airbus, Boeing Seat Repairs (Update2)
Feb. 9 (Bloomberg) -- Koito Industries Ltd., the Japanese supplier of seats used in Airbus SAS and Boeing Co. planes, plunged a record 33 percent after saying it will repair about 150,000 seats because of falsified safety data.
The company fell by its 80 yen daily limit to 159 yen at 10:23 a.m. in Tokyo. It was the biggest intraday decline since the stock began trading in March 1988. Parent Koito Manufacturing Co., a Toyota Motor Corp. affiliate, fell as much as 13 percent, the most in more than 15 months.
Yokohama, Japan-based Koito will fix seats in some 1,000 commercial airliners and may also pay compensation, President Takashi Kakewaga told reporters yesterday. Singapore Airlines Ltd., All Nippon Airways Co. and Continental Airlines Inc. have also postponed the introduction of new planes because of the late arrival of Koito seats.
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Feb 8 2010, 09:22 PM
