Beleaguered airbag supplier Takata will file for Chapter 11 bankruptcy protection Monday, sources have told Reuters. Sumitomo Mitsui Financial Group will supply the loan for the company's restructuring, which should end with an acquisition by U.S.-based Key Safety Systems, Inc., the wire service reports. Takata's rupturing airbags have been linked to at least 150 injuries and more than a dozen deaths worldwide and are were installed in millions of vehicles sold as far back as 2004. http://reut.rs/2sYRlVv
Paris-based Peugeot is returning to the pickup truck segment in one of the most unimpressive ways imaginable. The company has turned to Chinese partner Dongfeng to sell a re-badged version of the Rich, which is a 20-year old Nissan Navara with a new face. Named Pick Up, the model is aimed at the African market.
Workhose -- the same company who recently unveiled a hybrid pickup -- is showing a personal drone at the Paris Air Show. The SureFly is relatively simple to operate, though a pilot's license is required. The SureFly starts at approximately $200,000.
A Superformance MkIII set a new speed record for the Shelby Cobra. Owned by Ted Taormina, the model recently hit 201 mph on an airport runway. The previous record of 198 mph was set by Dick Smith in 1967.
Aston Martin has issued a recall that affects 1,658 examples of the Vantage built from June 2010 through September 2013 and equipped with a Sportshift transmission. The clutch wasn't properly re-set after technicians installed new code, which can cause the engine to stall or lose power. http://bit.ly/2tvL8gE