Is Takata still in business?
Takata Corporation (タカタ株式会社, Takata Kabushiki Gaisha) was a Japanese automotive parts company. In June 2017, Takata filed for bankruptcy. It was acquired by Key Safety Systems.
How much money did Takata lose?
Takata Puts Worst-Case Recall Costs at $24 Billion.
What did Takata do?
It is the most significant recall in Australia’s history, with over four million affected Takata airbag inflators and involving more than three million vehicle recalls. Around 100,000 (31 per cent) of vehicles deemed compliant are due to unresponsive or uncontactable vehicle owners.
Is Takata still making airbags?
Takata would stop producing airbag inflators after it completes production of replacement parts and fulfills existing supply contracts for them with automaker clients, the sources said. One source said existing contracts would likely end around 2020.
What does the Takata recall really mean?
Six years ago, 3.6 million Takata airbags were recalled for their potential to inflate and send shrapnel into passengers. Since then, the Takata airbag recall has grown into the largest in American automotive history. The Takata airbag recall notice covers both luxury and more affordable brands.
What do you need to know about Takata recall?
The biggest thing you need to know about the Takata airbag recall and the National Highway Traffic Safety Administration (NHSTA) is that you can look up whether your vehicle is under recall. If you are unsure whether your vehicle is part of the Takata airbag recall, you should look up your vehicle identification number (VIN) on the NHSTA website.
What do you need to know about the Takata airbag recall?
Alpha type Takata airbags. Alpha type Takata airbags are older and have a design fault that means they pose the most severe risk of failure in a crash.
