Takata files for bankruptcy
Just (finally) noticed the Past list in your sig. What was the Stag like to own. Always thought they were quite handsome in spite of the sort of wonky roll-over solution. Too bad they built them with the wrong engine when they had the Buick 215 V8 sitting around over at the Rover shop.
Just after buying the car I joined the Stag club. One week after I received a welcome letter - - I got a second letter asking if he wanted to join a class-action suit against British Leyland. Hummm. Bad sign.
When introduced it was the top of the line Triumph sports car. Although a wonderful concept sales suffered due to major engine flaws, including overheating, blown head gaskets, warped heads and valve gear failures in the newly designed V-8 with a cast iron block and aluminum heads. Due to the outlook of poor reliability I did not keep it long.
The roomy rear seat was the idea behind this purchase - to have a sports car that the wife and I could enjoy while at the same time bringing along our two young children.
Going to the F1 race at the Glen in 1976 was the longest trip we ever took in it and it ran fine. But by then I knew all the car’s potential serious issues and the following spring I sold the car to another Triumph owner.
It did leave me with a number of funny stories to tell (but best done over a few beers). Here's a picture of it. The Toyota out in the street behind it was my daily driver. Of course, I had an MGA I was restoring at that time as well, a $200.00 MG I might add.
Last edited by dlq04; Jun 30, 2017 at 01:22 PM.
I started laughing about the letters from the Stag club. Stopped when you said you got an MGA for 200! Then I just got jealous. Those were the days, eh? I also owned a Spit...my first car. Well used but it ran pretty good until I blew a head gasket and then tried to replace it with a couple of crescent wrenches and a pair of pliers. It might have been ok, too, had I not stored the head in my Air Force locker for a couple months. When I put everything back together the motor would not turn over. Even dumping the clutch at 30 MPH down a hill only resulted in locking up the rear tires. Bought it for 500. Sold it (in that non-working condition) for 500.
Yeah, we need to get together for a beer or two so I can hear some of those stories.
Yeah, we need to get together for a beer or two so I can hear some of those stories.
In the 60s I saw several F1 races at Watkins Glen, with Graham Hill, John Surtees, Jimmy Clark, Richie Gunther, Phil Hill, Maston Gregory, Dan Gurney, Roger Ward, etc., on the first Glen course up the hill. As students we didn't have the money to buy tickets, so we watched the races from the hillsides and experienced the races from outside the fence. Those individual race cars were more interesting than today, but less safe to drive. There were some serious accidents with loss of life on occasion. I remember Jimmy Clark was driving the rear engine Lotus. Helmets, but no air bags.
Ah the glory days of F1 and British sports cars. I've always felt extremely fortunate to have been there and lived through it!
Mike you were ahead of me in working on them. I had a steep learning curve to make when I bought the MG. I didn't own a single tool and had never even changed oil on a car.
Jim those are truly legends in the sport and my hero's then and now.
Mike you were ahead of me in working on them. I had a steep learning curve to make when I bought the MG. I didn't own a single tool and had never even changed oil on a car.
Jim those are truly legends in the sport and my hero's then and now.
From Automotive News Weekly
TOKYO — Automakers around the world likely will be stuck with billions of dollars in recall losses now that airbag supplier Takata Corp. has filed for bankruptcy. Takata's Japanese customers will feel the most pain. Honda, Toyota and Nissan combined have earmarked more than $10 billion to cover their share of the massive global recall of defective Takata airbag inflators that can explode with deadly force. For the most part, the automakers have accounted for those mammoth expenses in their earnings. But now they say it is unlikely Takata will compensate them for the costs. Honda, Takata's biggest customer and a major shareholder with a 1.2 percent stake in the supplier, had hoped to at least share the cost with Takata. But not anymore.
TOKYO — Automakers around the world likely will be stuck with billions of dollars in recall losses now that airbag supplier Takata Corp. has filed for bankruptcy. Takata's Japanese customers will feel the most pain. Honda, Toyota and Nissan combined have earmarked more than $10 billion to cover their share of the massive global recall of defective Takata airbag inflators that can explode with deadly force. For the most part, the automakers have accounted for those mammoth expenses in their earnings. But now they say it is unlikely Takata will compensate them for the costs. Honda, Takata's biggest customer and a major shareholder with a 1.2 percent stake in the supplier, had hoped to at least share the cost with Takata. But not anymore.
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