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Posts Tagged ‘Takata exploding airbags’

Toyota, Mazda, Subaru and BMW Settle Takata Suit for $553M

Four makers admit no wrongdoing in settlement.

by on May.18, 2017

Four automakers – Toyota, BMW, Mazda and Subaru – agreed to settle a class-action lawsuit for $553 million.

Toyota, Mazda, Subaru and BMW agreed to a $553 million settlement for a class-action lawsuit, accounting for 16 million vehicles equipped with faulty Takata airbag inflators, according to court documents.

Reuters reported that Toyota will pay $278.5 million as part of the settlement while BMW will pay $131 million, Mazda $76 million and Subaru $68 million. Nineteen automakers used the faulty inflators responsible for more than a dozen deaths and nearly 200 injuries worldwide.

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The inflators will explode under certain conditions, sending plastic and metal shrapnel into the cabin of the vehicle. Among those automakers in the class-action suit that haven’t reached a settlement: Honda, Ford and Nissan. (more…)

Takata Expected to Pay $1B as Part of Faulty Airbag Settlement

Ford recalls 816K vehicles just one day after Honda's action on 1.29 million.

by on Jan.12, 2017

The 2012 Ford Mustang is part of the latest recall of vehicles equipped with faulty Takata airbags.

Takata Corp. is going to pay $1 billion and plead guilty to fraud as part of a settlement with the U.S. Justice Department, according to reports.

The deal completes the government’s criminal investigation into the Japanese auto supplier’s faulty airbags, which under certain conditions will explode spraying shrapnel into the cabin of the vehicle.

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More than 15 people globally – 11 in the U.S. – have died as a result of the airbags and hundreds have been injured. It is the largest automotive recall in history. (more…)

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…)

As 10th Death Reported, Takata Expands Recall List by Millions

Another five million inflators to be replaced. Yet more recalls could follow.

by on Jan.22, 2016

A faulty Takata airbag has been blamed for another death, bringing the total to 10. NHTSA expanded the recall of the suppliers airbags as a result.

A 10th fatality has been linked to faulty Takata airbags, prompting the recall of millions of additional vehicle sold in the U.S., the National Highway Traffic Safety Administration has announced.

NHTSA Administrator Mark Rosekind had signaled the likelihood of a further expansion of the Takata recall last week. The agency has since revealed that U.S. recalls, on the whole, hit a new record in 2015, with the problem with the Japanese supplier’s airbags a major reason why.

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Up to now, 23 million airbag inflators produced by Takata were targeted, impacting 19 million vehicles. The new recall involves another 5 million inflators, but NHTSA could not immediately say how many vehicles are affected. (more…)

“A Lot” More Takata Airbag Recalls Likely, Says NHTSA Chief

“Crisis festered for so long.” laments Rosekind.

by on Jan.13, 2016

NHTSA Administrator Mark Rosekind said there may be more to come when it comes to Takata recalls.

Even after recalling more than 19 million vehicles due to potentially faulty Takata airbags, the crisis is likely far from over, warned the nation’s top automotive safety regulator.

Just days after Mazda added 370,000 more vehicles to the list of those recalled, the number is “very likely to grow, perhaps by a lot,” Mark Rosekind, the head of the National Highway Traffic Safety Administration, said during a speech in Detroit.

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“The Takata situation is unprecedented in American history,” Rosekind said during the Automotive News World Congress. “The fact that this crisis festered for so long, that some made efforts to obscure its seriousness, should sober everyone in this industry.” (more…)

Honda Expands Takata Airbag Recall Campaign

Maker adds 100,000 vehicles to list.

by on Mar.20, 2015

Honda added nearly 89,000 2008 Pilot SUVs to its recall of vehicles with Takata's faulty airbags.

Honda continues getting ahead of the Takata airbag recall as it announced recently it’s expanding its national safety campaign by more than 100,000 vehicles. The move comes shortly after the Japanese maker launched an advertising campaign aimed at raising awareness among owners of these vehicles.

The automaker used the faulty Takata airbags in millions of its vehicles during the course of a decade. The airbags in question, which can explode with such force during operation they eject shrapnel into the cabin, have caused the recall of approximately 20 million vehicles globally. With these additional vehicles added, Honda is recalling about 5.5 million vehicles in the U.S.

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Honda is adding 88,549 Pilot vehicles from the 2008 model year, 10,868 specific 2004 Civic vehicles and 5,454 specific 2001 Accord vehicles. While certain 2001 Accord and 2004 Civic vehicles were previously included the initial action, no 2008 Pilot models were included before this addition. (more…)