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Posts Tagged ‘Takata airbag problem’

Troubled Airbag Supplier May Soon File for Bankruptcy

More than 15 dead, as many as 100 million vehicles recalled due to faulty airbags.

by on Nov.03, 2016

With skyrocketing costs and declining revenues, Takata appears to be headed for a bankruptcy filing.

Facing major costs and declining revenues as a result of its ongoing airbag problems, Japanese auto supplier Takata is reportedly getting ready to file for bankruptcy.

The parts maker is still looking for alternatives, but has been stymied, so far, in efforts to find a white knight buyer and may have no alternatives, especially as major customers press Takata to take the bankruptcy route, according to a report by the Japanese business newspaper Nikkei.

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“The primary collective goal is assessing all bids and reaching a resolution that is in the best interests of all our stakeholders while promoting public safety and enabling Takata to remain a viable and valued global supplier to the automotive industry,” the supplier said in a statement Thursday. (more…)

Eight Automakers to Recall 12 Mil Vehicles for Takata Airbags

Largest recall in history continues to grow.

by on May.27, 2016

The latest recall takes in millions of Honda vehicles, including this 2010 Civic.

The biggest safety recall in U.S. automotive history is about to get even bigger, eight automakers revealing they will recall 12 million vehicles to replace faulty Takata airbag inflators.

The move follows last month’s announcement by the National Highway Traffic Safety Administration that it wanted as many as 40 million inflators replaced because they could malfunction during crashes. The exact number of vehicles that would cover wasn’t clear because some vehicles use more than one of the suspect devices.

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The list of manufacturers covered by the latest recall includes Toyota – which announced some other airbag service actions earlier this week – Fiat Chrysler, Mazda, Nissan, Subaru, Ferrari and Mitsubishi. And Honda will not only recall 2.2 million more automobiles but 2,700 of its Gold Wing motorcycles equipped with optional front airbags.

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Safety, Not Profits, Come First, says DoT Sec. Foxx

Airbag recall will proceed, even if it puts Takata out of business.

by on May.11, 2016

"We've got to keep our finger on it," said Sec. Foxx.

Safety is the top priority, said Department of Transportation Secretary Anthony Foxx, and the expanding recall of potentially defective Takata airbags will proceed, even if that means putting the Japanese supplier out of business.

Takata produced the airbag inflators involved in the recall of about 24 million vehicles in the U.S. alone, devices so far linked to 13 fatalities worldwide. NHTSA last week announced it would add another 35 million to 40 million more Takata airbags on the recall list.

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There have been growing concerns that the expanded recall could put Takata out of business, but Foxx said that “can’t be the top concern we face,” during a Wednesday roundtable with reporters. “The airbags need to be recalled, and we have a responsibility to recall them.”

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Takata Ordered to Recall Up to 40 Mil More Airbags

Largest safety recall in history already impacting 24 mil vehicles.

by on May.04, 2016

High school senior Huma Hanif was the 11th person killed as a result of the Takata defect.

The largest safety recall in automotive history is about to get even bigger, federal regulators ordering embattled Japanese supplier Takata to recall as many as 40 million additional airbags linked to a defect already blamed for at least 11 deaths.

The previous recall involved about 24 million vehicles sold in the U.S. over roughly the last decade, with 14 manufacturers impacted. Virtually every other major carmaker will now be pulled into the latest recall.

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“This is the largest recall in American history, National Highway Traffic Safety Administrator Mark Rosekind told reporters on Wednesday.

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Takata Lied to Conceal Airbag Problems, Senate Panel Finds

“Unsupportable” claims; “misrepresentation” of facts.

by on Feb.24, 2016

A new Senate committee report claims Takata has known about the problems with its airbags and falsified record to hide the problem from investigators.

Even as researchers finally zeroed in on the cause of deadly Takata airbag failures, a Senate committee laid out some explosive charges against the Japanese auto supplier.

Citing internal documents, the report published by the Senate Committee on Science, Commerce and Transportation shows Takata engaged in a pattern of falsifying test data and incorrectly reporting on the scope of the airbag defect, something that likely reduced the number of vehicles targeted for recall.

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The results of the year-long research study and other evidence provided to the Senate and the National Highway Traffic Safety Administration could lead to yet another ramp-up of that recall effort. As many as 50 million more vehicles could be targeted. To date, about 25 million have been recalled, making this the largest service action in U.S. automotive history. (more…)

Honda Recalls 170K More Cars with Takata Airbags after Fifth Death

House Dems push for hearings, investigation about the problem.

by on Nov.13, 2014

Honda recalled an additional 170,000 vehicles worldwide for problems with Takata-produced airbags.

The revelation from Honda Motor Co. about another death related to Takata Corp. airbags as well as the recall of an additional 170,000 vehicles added fuel to the fire for members of Congress demanding hearings and an investigation into the company and the problem.

Honda disclosed this week that a driver in Malaysia died in July after being hit by shrapnel from an airbag supplied by Takata. The maker also widened its recall for the defective airbags taking its total recalls of cars fitted with potentially defective Takata airbag inflators since 2008 to nearly 10 million vehicles globally.

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Democratic members of the House Committee on Energy and Commerce and two subcommittees asked the chairmen to set up Congressional hearings and investigations of the safety risks posed by the airbags that have been installed in 7.8 million U.S. vehicles. (more…)