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The Wall Street Publication > Blog > Lifestyle > Most costly recall in historical past pressured Japanese auto firm Takata to file for chapter
Lifestyle

Most costly recall in historical past pressured Japanese auto firm Takata to file for chapter

Editorial Board Published November 16, 2024
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Most costly recall in historical past pressured Japanese auto firm Takata to file for chapter
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Fox Enterprise Briefs: Takata remembers 10 million extra airbags and there are fears they could explode resulting from faulty inflators.

Takata filed for chapter amid “the largest and most complex safety recall in U.S. history,” in accordance with the Nationwide Freeway Site visitors Security Administration (NHTSA). 

Not solely did the recall value the Japanese automotive components firm billions of {dollars}, however the period of this recall added to its complexity. 

The recall didn’t take a few weeks or months to conclude. The truth is, the recall continues to be ongoing, with tens of millions of autos nonetheless on the street containing the lethal airbags. 

GROCER WEIGHS IN ON DEADLY BOAR’S HEAD RECALL SHIFTING HOW CONSUMERS SHOP IN STORES

What occurred to Takata?What vehicles are affected by Takata airbags?What number of vehicles have been affected by the Takata airbag recall?

Takata confronted billions in lawsuits, fines and recall prices resulting from harmful airbags produced by the corporate. (Christopher Jue/Getty Photos / Getty Photos)

1. What occurred to Takata?

The Japanese automotive components firm, Takata, filed for chapter in June 2017, in accordance with Reuters, following a number of years of a multibillion-dollar recall. 

Takata agreed to be acquired, largely, for $1.6 billion by Key Security Methods, in accordance with Reuters. 

VEHICLE OWNERS SLOW TO ADDRESS RECALL ALERTS FOR POTENTIALLY DEADLY ISSUES

The billions of {dollars} misplaced by the corporate got here from remembers and lawsuits concerning lethal airbags.

2. What vehicles are affected by Takata airbags?

Thirty-four automotive manufacturers made by 19 totally different automakers have been affected by the recall, in accordance with Shopper Reviews. 

The harmful airbags have been largely put in in vehicles from the years 2002 till 2015, in accordance with the supply. 

Automotive homeowners can examine if their automobile falls throughout the recall on the NHTSA web site by way of their automobile identification quantity. If the automotive has an unaddressed recall in want of restore, this info can be offered. 

Woman driving car

Hundreds of thousands of vehicles have been recalled resulting from harmful airbags manufactured by Takata. (iStock / iStock)

If it does, NHTSA says homeowners ought to name sellers straight away to get the issue repaired. 

There are a number of vehicles listed beneath a “do not drive” warning. For these vehicles, NHTSA and producers strongly suggest that the vehicles aren’t pushed till they’re fastened.

DANGEROUS REASONS A PRODUCT MAY RECALL; STEPS TO TAKE AS A CONSUMER

Sure Dodge, Ford, Honda, Nissan, Mazda, Poniac, Toyota, Acura, BMW and Chrysler vehicles seem on the listing. The total listing might be discovered at NHTSA.gov. 

The airbags manufactured by Takata are liable to explosions when deployed after experiencing long-term publicity to excessive warmth and humidity, in accordance with NHTSA. 

It was decided by NHTSA that the principle reason behind this drawback was “airbags that use ammonium-nitrate-based propellant without a chemical drying agent.” 

Close-up on Honda steering wheel

Sure Honda autos are amongst these on the “do not drive” listing as a result of recall. ( YOSHIKAZU TSUNO/AFP through Getty Photos / Getty Photos)

The explosive deployment of Takata airbags can ship metallic fragments flying at drivers and passengers, inflicting critical damage and, in some instances, dying. 

So far, there have been 28 deaths within the U.S. resulting from Takata airbags since 2009, in accordance with NHTSA, together with one as just lately as September 2024. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE 

3. What number of vehicles have been affected by the Takata airbag recall?

There have been about 67 million vehicles with Takata airbags recalled, in accordance with NHTSA. 

As of April 2024 knowledge, NHTSA reported that roughly 88% of airbags had been repaired or changed. 

Though many airbags have been fastened or changed, there are nonetheless tens of millions on the street that also include the damaging product. 

TAGGED:autobankruptcycompanyExpensivefileforcedhistoryJapaneserecallTakata
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