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...Widescale, expensive recalls resulted in the bankruptcy of manufacturer Takata in 2017. That would hardly happen to Toyota....
...The industry spent billions of dollars last decade recalling vehicles affected by the exploding airbags made by Japan’s Takata. Liabilities for self-driving cars are less clear-cut....
...The Takata recalls are “the largest and most complex in US history”, the NHTSA said, affecting 19 carmakers, more than 60m Takata airbags and tens of millions of US vehicles....
...The company’s global restructuring plan cost $3.4bn, and Ford also took a $600m hit from the recall of vehicles that used a faulty Takata airbag....
...maker Takata....
...The German luxury carmaker stalled on electric cars; fell prey to most every vehicle scandal going (deploying diesel emissions cheat devices and Takata’s exploding airbags); and was obliged to unstitch a...
...The company’s earnings have been hit by charges relating to regulatory clampdowns on diesel emissions and a recall of faulty Takata airbags....
...Daimler had also found “new information leading to a revised risk assessment” of an extended global recall of faulty car airbags made by Japan’s Takata, adding another €1bn of provisions....
...Weil ringfenced the liabilities relating to airbags to protect the buyer and help it continue supplying safety equipment to Takata’s clients in the car industry and to complete recalls....
...Japanese safety equipment maker Takata avoided a €195m fine for the same offence by revealing the existence of the collusion....
...The deal does not involve liabilities related to the recall of Takata’s ammonium nitrate airbag inflators....
...airbag recalls....
...The recall is the biggest for Toyota since the group issued a recall of 2.9m vehicles related to faulty Takata airbags in March last year....
...Following the numerous misdeeds and frauds committed in recent years in Japanese companies, some with deadly consequences (the Takata airbag scandal) or billions of dollars evaporated (Toshiba), none of...
...equipped with Takata’s airbag inflators....
...“All defective Takata airbags will have to be replaced by December 31 2020,” said the government notice....
...Jeffrey Sonnenfeld, professor at the Yale School of Management, says that in the league of leaders’ handling of crises, from Takata’s exploding airbags to General Motors’ faulty ignition switches, “I give...
...On Friday, however, we learnt Tesla is to recall 14,000 Model S cars in China over faulty Takata airbags. No special treatment when it comes to that sort of thing then....
...“If the airbag control unit of ZF-TRW is found to be defective, this could be a second Takata case,” said Kim Joon-sung at Meritz Securities....
...Takata, the now-bankrupt automotive parts supplier, was acquired by a Chinese-owned group following a safety crisis involving exploding airbags....
...The General Administration of Quality Supervision, Inspection and Quarantine said that the airbags were made by Takata, the Japanese automotive supplier at the centre of a global recall of exploding airbags...
...Automaker Honda has struck a proposed $605m settlement to resolve US consumer claims in connection with recalled Takata airbags....
...The recall is the latest in the Takata airbag scandal that has affected tens of millions of cars worldwide, from manufacturers including Honda and Toyota....
...It is expected the operations related to the airbag inflators business will be run by a reorganised Takata in the wake of the transaction and will eventually be wound down, KSS said....
...“In some cases, defective Takata airbags are being replaced with the same defective Takata airbags,” said Choice....
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