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Posts Tagged ‘Takata news’

Bad Week for Those Suing Takata, GM

Courts side with airbag maker; GM derails $1b settlement over faulty ignition switches.

by on Aug.18, 2017

As many as 18 people are known to have died due to faulty Takata airbag inflators.

Motorists looking for settlements related to two of the biggest safety scandals in recent years were in for some unpleasant surprises this week.

General Motors derailed a deal that could have forced it to provide $1 billion in stock to thousands of plaintiffs suing over the company’s faulty ignition switches which were linked to more than 100 deaths and hundreds of injuries.

The Last Word!

Separately, a Delaware bankruptcy court halted a collection of lawsuits filed against the Japanese auto partsmaker seeking damages related to faulty airbags now linked to as many as 18 deaths and about 180 injuries worldwide – though the suits may continue after a 90-day ordered by Judge Brendan Shannon.

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Nissan Agrees to Pay $97.7M in Takata Settlement

Less than 30% of Nissan vehicles have been repaired.

by on Aug.08, 2017

Nissan is paying $97.7 million to owners of vehicles equipped with Takata airbags.

Nissan agreed to pay $97.7 million to owners of its vehicles equipped with deadly Takata Corp. airbags to offset economic losses on the 4.4 million cars in the U.S. The move is part of a settlement with those owners.

The automaker said in a statement that it was not admitting fault under the settlement, which is similar to that of other companies that used the potentially lethal airbags.

News Now!

In June, a federal judge in Miami granted preliminary approval to settlements with Toyota Motor Corp., Subaru Corp., BMW AG and Mazda Motor Corp. totaling $553 million and affecting 15.8 million vehicles with Takata inflators, according to Reuters. (more…)

Takata’s Faulty Airbags Kill 18th Victim

Australian man dies driving Honda CRV.

by on Jul.25, 2017

Takata's faulty airbags claimed their 18th victim recently, the first fatality in Australia.

The recent death of an Australian man due to faulty Takata airbags brings the global total of deaths attributable to them to 18, although it was the first fatality in Australia.

Investigators told Reuters the man was struck in the neck by a small fragment of an airbag that was subject to recall. Takata’s airbag inflators can degrade over time, spraying metal shards around a vehicle when the airbag is deployed.

Safety News!

Honda officials said the accident was still under investigation and were not able to determine whether the airbag in question was an original model or a replacement. Takata did not respond to a request for comment. (more…)

Another 2.7 Million Defective Takata Airbags Recalled

Announcement comes a day after another death reported.

by on Jul.11, 2017

NHTSA forced Takata to recall 2.7 million vehicles due to faulty airbags.

The National Highway Traffic Safety Administration has ordered Takata Corp. to order the recall of another 2.7 million potentially defective airbag inflators, a move that will cover vehicles sold by Ford, Mazda and Nissan.

Earlier this week, Honda reported the death of a 11th American caused by faulty Takata airbags. Worldwide, at least 18 have been killed, with another 180 known to have been injured. About 70 million airbags have been covered by recalls in the U.S., a figure that grows to more than 100 million worldwide.

News Now!

Takata declared bankruptcy last month, its assets sold to Detroit-based supplier Key Safety Systems. The move is expected to help speed up the production of replacement airbag inflators. A shortage of parts has meant extended wait times for many owners looking to get their vehicles repaired. (more…)

Honda Confirms 12th Takata Airbag Related Death in US

Japanese supplier’s airbags injured 180 globally.

by on Jul.10, 2017

Honda confirmed an 11th fatality in the U.S. related to Takata's faulty airbag inflators.

Even as it is tied up in bankruptcy, Takata’s legacy continues after Honda Motor Co. reported another death related to Takata’s faulty airbag inflators. It was the 12th fatality in the U.S. attributed to the airbags.

The latest death occurred in Flordia, according to Reuters, when a person was performing a repair on a 2001 Honda Accord when the airbag exploded. In all, 17 deaths and 180 injuries around the world have been reported as being tied to Takata’s airbags.

Safety News!

The airbags, which have inflators that exploded with too much force sending shrapnel into the cabin of the vehicle, have become the largest recall in U.S. history with more than 60 million vehicles subject to recall. Globally, the recall number is closer to 125 million. (more…)

China Urging GM, Mercedes, VW to Replace Faulty Takata Airbags

Automakers say testing and analysis must be completed.

by on Jul.07, 2017

Chinese officials are pressuring GM, VW and Mercedes to recall vehicles with faulty Takata airbags.

Takata’s airbag problem is now following some automakers around the globe. Officials in China are pushing General Motors, Mercedes-Benz and Volkswagen to issue recalls for vehicles in that country equipped with the faulty airbags.

The airbag inflators become unstable over time causing them to explode with too much force sending shrapnel into the vehicle cabin. The problem has been blamed for 16 deaths and more than 180 injuries worldwide.

News You Can Trust!

While a full-on effort is ongoing in the U.S. to replace faulty units, in China the three makers are suggesting a recall for a small number of vehicles to conduct tests instead of a full recall, according to the General Administration of Quality Supervision, Inspection and Quarantine. (more…)

What Does Takata Sale – and Airbag Recall — Mean to You?

Tens of millions of motorists still at risk.

by on Jun.26, 2017

High schooler Huma Hanif was one of at least 16 killed by faulty Takata airbags, most in the U.S..

In 2008, Honda announced the recall of 4,000 older Accord and Civic models equipped with potentially faulty airbags that could malfunction during a crash. Today, that has grown into a cross-industry recall covering more than 42 million vehicles on U.S. roads.

Because Takata airbag inflators can malfunction during a crash, spewing shrapnel into the passenger compartment, the problem has so far been linked to at least 16 deaths, most of them in the U.S., along with more than 100 injuries. Yet, only slightly more than a third of the affected vehicles have been repaired.

The Full Story!

Is your vehicle carrying around one of these potential time bombs? How can you find out and what can you do if that car, truck or crossover is on a recall list? Who will pay? And what do you do if your Takata airbag did malfunction? Here are some things to consider now that Takata has declared bankruptcy and been sold to Chinese-owned Key Safety Systems:

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Takata Declares Bankruptcy, Assets Sold to Chinese-Owned Key Safety Systems

Recalls, victims compensation fund to move ahead.

by on Jun.26, 2017

Takata's scandal is ultimately expected to cost $9 billion, according to some Japanese reports.

Blamed for the largest safety recall in automotive history and hammered by over $1 billion penalties and other costs following a guilty plea in U.S. federal court, Takata Corp. filed for bankruptcy overnight, most of the assets of the company being sold to Key Safety Systems, a Chinese-owned automotive supplier based in Sterling Heights, Michigan.

Takata has been blamed for knowingly marketing faulty airbags that can improperly inflate during a crash, sending plastic and metal shrapnel into the passenger compartment. At least 16 people are known to have died due to the defect, most in the United States, with more than 100 others injured.

Breaking News!

Nearly all automakers have used at least some of the faulty bags, from niche players like Rolls-Royce and Ferrari to major manufacturers such as General Motors, Volkswagen and Honda. It has been estimated that a quarter of the light duty vehicles in use in the U.S. use Takata airbags. Currently, about 42 million are or will be recalled, as federal regulators are staging their safety campaign, targeting older vehicles first due to a shortage of replacement airbag inflators. Tens of millions of other vehicles are being recalled outside the U.S.

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Takata Expected to File Bankruptcy in Japan

Action expected to come on Monday, according to reports.

by on Jun.23, 2017

The troubled supplier is close to filing bankruptcy, sources claim. The filing is expected to occur on Monday in Japan.

Long-troubled auto supplier Takata Corp. will file bankruptcy on Monday, as it seeks to reorganize billions of dollars in liabilities tied mostly to its defective airbag inflators.

The Japanese company, according to Reuters, will file for protection in Tokyo District Court under the Civil Rehabilitation Act, which is that country’s version of U.S. Chapter 11 bankruptcy. Reuters tied its report to sources, one of whom has direct knowledge of the matter and one who was briefed on the process.

Global Auto News!

Takata will seek bridge loans from the banking unit of Sumitomo Mitsui Financial Group Inc., “which will provide tens of billions of yen (hundreds of millions of dollars) in bridge loans,” Reuters reported. (more…)

Takata Close to Filing Bankruptcy

Talks with Key for financial help may not close in time.

by on Jun.15, 2017

The troubled supplier is close to filing bankruptcy, sources claim. The filing could come as early as next week.

The long saga that has become the deal between Takata Corp. and Key Safety Systems Inc. may be winding to a close as sources report the Japanese company is close to filing bankruptcy, perhaps as early as next week.

Reuters reports that Takata has been hammering out a deal with Key for financial backing, and trying to deal with the billions of dollars in liabilities it owes due to its defective air bag inflators.

Safety News!

Another sticking point is the $850 million owed by the Japanese airbag system maker to major global automakers, which is part of a settlement reached earlier this year. The company has until 2018 to pay the $850 million. Neither Takata nor Key commented on the story, Reuters reported. (more…)