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NHTSA: Carmakers Remain Responsible for Takata Recalls
Carmakers will be responsible for the cost of replacing tens of millions of explosion-prone Takata Corp. airbag inflators, regardless of what happens to the company.
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Carmakers will be responsible for the cost of replacing tens of millions of explosion-prone Takata Corp. airbag inflators, regardless of what happens to the company.
The declaration by Mark Rosekind, head of the National Highway Traffic Safety Administration, reiterates a similar point five months ago by U.S. Transportation Secretary Anthony Foxx. Foxx said in May that public safety trumps Takata’s financial health.
Takata is shopping for a financial savior. But any deal may involve the company going through bankruptcy. As many as 70 million Takata inflators are being recalled in the U.S. alone.
Rosekind also opines that Honda Motor Co. isn’t doing enough to track down some 300,000 of its recalled older models. NHTSA says the Takata inflators in those vehicles have as much as a 50% chance of misfiring in a crash and spewing shrapnel into the passenger compartment.
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