Mexican Media Brands
Daimler Earmarks €500 Million for Takata Airbag Inflator Recalls
Daimler AG says it will set aside roughly €500 million ($560 million) in 2016 to cover the cost of recalling vehicles equipped with Takata Corp. airbag inflators that could explode.
#economics
Share
Daimler AG says it will set aside roughly €500 million ($560 million) in 2016 to cover the cost of recalling vehicles equipped with Takata Corp. airbag inflators that could explode.
The provision is in response to a widened Takata recall schedule in the U.S. announced in early May by the National Highway Traffic Safety Administration. The plan will expand current callbacks of 29 million Takata inflators in vehicles made by a dozen carmakers to nearly 69 million devices used by 17 manufacturers.
The new campaigns will be phased in between now and the end of 2019 because replacement inflators aren’t available in sufficient quantities to complete the recalls sooner.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.