Most expensive recall in history forced Japanese auto company Takata to file for bankruptcy

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Takata was pushed into bankruptcy after being involved in the complex, expensive recall of explosive airbags. The dangerous airbags have led to the death of 28 people in the U.S.

Takata filed for bankruptcy amid "the largest and most complex safety recall in U.S. history," according to the National Highway Traffic Safety Administration . Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple of weeks or months to conclude. In fact, the recall is still ongoing, with millions of vehicles still on the road containing the deadly airbags.

Certain Dodge, Ford, Honda, Nissan, Mazda, Poniac, Toyota, Acura, BMW and Chrysler cars appear on the list. The full list can be found at NHTSA.gov. The airbags manufactured by Takata are prone to explosions when deployed after experiencing long-term exposure to high heat and humidity, according to NHTSA. It was determined by NHTSA that the main cause of this problem was "airbags that use ammonium-nitrate-based propellant without a chemical drying agent.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ramen and Japanese fried goodies come to Emeryville’s public marketLocal chain Ramen Hiroshi is opening a new location, with its signature soups, fried chicken and yakitori.
Source: OakTribNews - 🏆 597. / 51 Read more »