boothy.com Takata (air bag supplier) files for bankruptcy

[Falc&Send]

http://www.drive.com.au/motor-news/t...26-gwylc9.html

The bankruptcy of troubled airbag maker Takata isn't just a crisis for its employees and suppliers. It also throws a wild card into one of the biggest and most complicated recalls in automotive history.

The auto-parts supplier has pledged to recall and replace tens of millions of defective air-bag inflators used by 19 car and truck makers around the world, from Tesla to Toyota. Takata filed on Monday for bankruptcy protection in the US and Japan and announced a takeover by Key Safety Systems for 175 billion yen (A$2.07billion).

The filing to restructure, which listed more than $13 billion in liabilities, doesn't relieve a manufacturer of recall responsibilities. However, should its financial assets be exhausted before all the work is done, carmakers may have to cover the difference.

[thebluerx7]

From my work with toy, maz, mits I'm certain they will all just pay the difference if need be.

Mits will prob go broke doing that though knowing them lol

[Gats]

Interesting times ahead. Only last week got the recall notice for ex nopics 2010 Toyota.

[Ben Wilson]

Nopics Echo needs to go in for a third time. First time, they fitted the wrong part and now they are apparently recalling the replacement one...

[Sealioning]

Nopics Echo needs to go in for a third time. First time, they fitted the wrong part and now they are apparently recalling the replacement one...

fuck that noise. got a letter for my 2005 corolla months ago and haven't heard shit since, maybe by the time they tell me when to take it in they will have their shit sorted out.

[Cock Fist]

Nopics Echo needs to go in for a third time. First time, they fitted the wrong part and now they are apparently recalling the replacement one...

Some manufacturers replaced the faulty ones with newer faulty ones for some strange reason, as a stop-gap until the actual fixed ones were available.

Don't ask me why.

[SirGoat]

Some manufacturers replaced the faulty ones with newer faulty ones for some strange reason, as a stop-gap until the actual fixed ones were available.

Don't ask me why.

probably to be seen to be doing something in case someone had a decent accident while waiting on a solution. e.g. 30% fail after 6 years, 10% fail after 1 year, but it will take 2 years to sort out the shit out, if they are at least changing people over to the newer ones they are reducing their risk by 60+% (all numbers made up).

[mizone]

Interesting times ahead. Only last week got the recall notice for ex nopics 2010 Toyota.

Same, 2013 300c uses a Takata boobbag from the 2012 batch. Waiting for Chrysler service to fuck my dash so bad it rattles.

[Ben Wilson]

Some manufacturers replaced the faulty ones with newer faulty ones for some strange reason, as a stop-gap until the actual fixed ones were available.

Don't ask me why.

Yeah, but somehow they didn't find us until way after the initial recall. I'd be guessing that hers would have been one of the last cars done in the first round of replacements...

[SuperDave]

I'm surprised Takata lasted this long.

[Rdyno]

Isis did it.

[awdmoke]

Manufacturers will take it up with Takatas Public and Products liability insurance, no?

[2rismo]

From my work with toy, maz, mits I'm certain they will all just pay the difference if need be.

Mits will prob go broke doing that though knowing them lol

Doesn't Nissan own Mitsubishi now?

[Captain_Slow]

Doesn't Nissan own Mitsubishi now?

Yes.

[trdee]

the interim recall would be because the reason the airbags are failing is the chemicals used to inflate the airbag are unstable and degrade over time and that's what makes them dangerous, so a new faulty one is safer than an old faulty one