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NHTSA Won’t Consider Takata’s Viability in Ordering Airbag Recalls
The National Highway Traffic Safety Administration says its rulings about future recalls of Takata Corp. airbag inflators will be driven only by concerns about consumer safety and not the financial impact on the company.
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The National Highway Traffic Safety Administration says its rulings about future recalls of Takata Corp. airbag inflators will be driven only by concerns about consumer safety and not the financial impact on the company.
An unidentified source told Bloomberg News earlier this week that Takata has estimated that recalls to replace its explosion-prone inflators could cost $24 billion. Takata says an accurate estimate won’t be possible until continuing investigations determine the exact cause of the misfires and thus how many devices should be recalled.
A dozen carmakers have so far called back roughly 50 million Takata inflators among some 288 million in service worldwide.
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