Honda to use Facebook to find owners with defective Takata airbags

Takata’s air bag inflators have been linked to at least 18 deaths and 180 injuries around the world. (Reuters)
Updated 20 November 2017
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Honda to use Facebook to find owners with defective Takata airbags

BENGALURU: Honda said on Monday it will use Facebook’s custom audiences tool to find car owners with defective Takata airbags.
The tool, which allows advertisers to reach a specified list of users, will match encrypted email addresses associated with recalled vehicle identification numbers to Facebook users.
Japan’s Takata’s air bag inflators have been linked to at least 18 deaths and 180 injuries around the world because they can rupture and shoot metal fragments into vehicles.
Honda, whose vehicles account for 17 of the 18 deaths worldwide, has been by far the most aggressive in reaching out to affected customers.
A report issued on Friday by an independent monitor of the Takata recalls said more than 10 million US vehicles and 18.5 million faulty Takata air bag inflators remain unrepaired in the largest ever auto recall.
Automakers have recalled or expect to recall by 2019 about 125 million vehicles worldwide to replace air bag inflators, including more than 60 million in the US.


China willing to invest $3 bln in Nigerian oil operations -NNPC

Updated 15 July 2018
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China willing to invest $3 bln in Nigerian oil operations -NNPC

ABUJA: China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
During a visit to Nigeria’s state-owned NNPC, CNOOC Chief Executive Yuan Guangyu said the Beijing-based oil company had invested more than $14 billion in its Nigerian operations and expressed readiness to invest more.
Guangyu said Nigeria was their largest investment destination and also asked the NNPC to seek common grounds with CNOOC for enhanced productivity.
Nigeria has been holding talks with oil majors over new finance agreements for joint ventures since last year. The NNPC last year signed financing agreements with Chevron and Shell worth at least $780 million to boost crude production and reserves.
Other western oil companies, including ExxonMobil (XOM.N), operate in Nigeria through joint ventures with NNPC.