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Posts Tagged ‘Takata faulty airbags’

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…)

Takata Selling Off Auto Shares to Pay for Possible Compensation

Supplier sells off most of stake in Honda; other makers next.

by on Jun.14, 2016

Takata is selling of its stock holdings in automakers to bolster its financial resources.

Takata Corp. is girding for the worst by selling its shares in various automakers to raise funds for the compensation claims it expects to face for its defective airbags that have caused the recall of more than 24 million vehicles worldwide.

The supplier is selling the stakes with the carmakers’ approval, said Akiko Watanabe, a spokeswoman for the supplier, declining to give more details to Bloomberg News.

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The airbags have been tied to 13 deaths, including 10 in the U.S. The units have faulty inflators that can deploy with too much force and the resulting explosion hurls plastic and metal pieces into the vehicle’s passenger cabin. (more…)

Toyota, FCA Recall About 2 Mil Vehicles for Faulty Airbags

Takata defect not the only problem.

by on May.24, 2016

The 2010 Lexus GX is part of the most recent airbag-related recall for Toyota.

Nearly 2 million more vehicles are being recalled by Toyota and Fiat Chrysler due to a series of airbag problems, the vast majority of them involving defective Takata airbag inflators.

Designed to enhance crash safety, airbags have become a major headache for automakers around the world due to design and manufacturing issues. The Takata problem alone has already become the largest recall in U.S. automotive history, impacting as many as 20 different automakers.

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The largest of the two new recalls involves 1.6 million Toyota vehicles equipped with Takata airbags. The service action affects both the driver and passenger front airbags on vehicles as much as a decade old and sold through the Toyota, Lexus and Scion brands. (more…)

Takata Declares Another 14 Million Airbags “Defective”

Acting “out of an abundance of caution.”

by on May.17, 2016

Takata expanded its recall of defective airbags by another 14 million vehicles.

What is already the largest safety recall in automotive history continues to get bigger, Takata announcing it will recall another 14 million airbags that could be prone to inflate improperly in a crash, a potentially life-threatening problem.

The move is actually the first in what will likely be a series of new recalls by the embattled Japanese supplier, Takata previously indicating it will ultimately add as many as 40 million inflators to the list. Prior to a May 4 agreement with the National Highway Traffic Safety Administration, 28.5 million airbag inflators had already been targeted.

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The precise number of vehicles that will be impacted by the new series of recalls has yet to be determined, as some models use several of the defective airbag systems. But earlier recalls had targeted about 24 million cars, trucks and crossovers sold in the U.S. (more…)

Takata May Recall Another 35 Million Airbags

Japanese supplier facing growing pressure to replace most or all of its airbag inflators.

by on May.04, 2016

A new report suggests that Takata may be forced to recall millions more airbags. The company's already recalled 24 million units.

The embattled Japanese supplier Takata may soon order the recall of tens of millions more vehicles due to potentially defective airbag inflators, according to a new report.

The move comes as pressure mounts on Takata to recall all of its airbag systems using ammonium nitrate inflators. A recent study warned that the explosive chemical may grow unstable over time, one of the apparent reasons why hundreds of Takata airbags have misfired, a problem now linked to at least 11 deaths.

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But whether such a move by Takata would satisfy the company’s critics is unclear. Some have called on the supplier to recall nearly 80 million airbag systems. Takata has already recalled more than 24 million cars, making it the largest safety-related recall in automotive history. (more…)

Airbag Recalls Could Cost Takata $24 Bil

Report sends Japanese supplier’s shares crashing.

by on Mar.31, 2016

A new report suggests that it could cost Takata as much as $24 billion to resolve its airbag recall.

With safety regulators considering whether to order the recall of all Takata airbags using ammonium nitrate, a new report suggests the Japanese supplier could be on the hook for as much as $24 billion in repair costs.

That astronomical bill has investors running for the exits and, some observers warn, could finally break Takata financially.

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More than 50 million Takata airbags have already been recalled, the majority of them in the United States, due to a defect that can cause them to explode with too much force when triggered by a crash. At least 10 deaths have so far been linked to the problem. But the number could grow to more than 287 million airbags, according to the Bloomberg news service. (more…)

Daimler Recalling Over 800,000 Vehicles with Takata Airbags

Announcement comes days after big Honda airbag recall.

by on Feb.09, 2016

Add Daimler to the list of automakers impacted by Takata's faulty airbags. The German maker plans to recall 840,000 cars and vans.

Daimler is the latest automaker to be stung by a new round of Takata airbag recalls, the German maker announcing today it will replace faulty inflator modules in more than 840,000 Mercedes-Benz cars and Daimler vans sold in the U.S.

The announcement comes less than a week after Honda announced it would recall more than 2.2 million vehicles due to the Takata airbag problem. More service actions related to the ongoing problem are expected, according to industry observers.

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The Takata airbag problem has become the biggest safety issue in automotive history, so far impacting at least 22 million vehicles sold in the U.S., with millions more vehicles overseas also being subject to repairs. (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…)

Takata Readying to Issue Largest Auto Recall Ever

Airbag supplier set to declare 33.8 million vehicles defective

by on May.19, 2015

Takata's Hiroshi Shimizu testified that a national recall wasn't necessary during a congressional subcommittee hearing.

This story has been updated to include Takata’s response to the announcement.

After months of denials and delays, Takata acknowledged defects in more than 16 million driver-side and 17 million passenger-side airbag inflators in the U.S. As a result, the National Highway Traffic Safety Administration (NHTSA) issued a consent order to the supplier, requiring Takata to comply with all requests from the safety agency, including a recall of all affected vehicles.

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“From the very beginning, our goal has been simple: a safe air bag in every vehicle,” said NHTSA Administrator Mark Rosekind in a statement. (more…)

Toyota, Nissan Recall Another 6.5 Mil Vehicles for Faulty Airbags

Total Takata recalls now approaching 30 mil worldwide.

by on May.13, 2015

A Takata airbag after a crash.

Toyota Motor Corp. and Nissan Motor Co., Japan’s two largest automakers, have announced another major recall to fix potentially faulty Takata airbags, a move affecting a total of 6.5 million vehicles, about 1 million of them sold in the U.S.

All told, nearly 30 million vehicles have been recalled as a result of the problem, which can cause airbags to inflate over-aggressively in a crash, sending shrapnel flying into the passenger compartment. The problem has so far been linked to a half-dozen deaths, most of them in the United States.

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The latest actions may not spell the end of the Takata problem, however, as some safety advocates are calling for the recall of as many as 30 million vehicles equipped with suspect Takata airbags in the U.S. alone. (more…)