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Archive for the ‘Airbag recall’ Category

Following a number of airbag lawsuits, Takata files for bankruptcy
Friday, July 7th, 2017

Last week, Takata Corp. filed for bankruptcy in the U.S. and Japan after being flooded with lawsuits and recall costs for its faulty airbag inflators. Takata airbags are linked to 180 injuries and 16 deaths. Takata airbags can become over-pressurized, causing them to rupture and propel pieces of metal into the cabin of a car. […]

Takata reaches $1 billion settlement in faulty air bag suit
Wednesday, February 8th, 2017

The lawsuit linked to the largest safety recall in US history settled with the US Justice Department for $1 billion. Takata pleaded guilty to wire fraud for providing falsified data around the safety of their airbags. Takata airbags can become over-pressurized, causing them to rupture and propel pieces of metal into the cabin of the […]