What is Takata Corporation?
Takata Corporation is a Japanese company that manufactures automotive parts. In 1988 Takata began producing airbags, and by 2014 it had gained control of 20% of the market.
The case of exploding airbags
- In 2008, Honda Motor recalled 4,000 Accords and Civics (2001 models) globally due to faulty airbags which could prove fatal.
- In May 2009, Ashley Parhem and in December 2009, Gurjit Rathore were killed when their Honda Accord 2001 airbags exploded. The matter brought Takata directly under the scanner.
- In 2010, Honda expanded the previous recalls.
Takata makes historic loss
- 3.4 million vehicles were recalled on 11 April 2013, by Honda, Toyota Motor, Nissan Motor and Mazda Motor due to the number of reported cases in faulty airbags.
- Takata showed a record $ 212.5 million annual net loss in May 2013.
- On 3 September 2013, Devin Xu died from "apparent facial trauma due to foreign object inside air bag" in L.A.
Takata fined $14,000!
NHTSA slaps a fine of $14,000 daily on Takata for refusing to fully cooperate in the airbag probe.
The recall cloud gets wider, more worry for Takata
- In June 2014, Toyota expanded its prior recall to 2.27 million vehicles globally; U.S. National Highway Traffic Safety Administration opened an investigation, examining the cause of airbag explosions.
- By 23 June 2014, the recall count went to a total of 10.5 million vehicles over five years.
- By 21 October 2014, Takata records a 23% drop in shares in Tokyo.
Toyota and Nissan recall 280,000 vehicles over airbag
- Another death, that of Carlos Solis on 29 January 2015, got pegged on the Takata airbag defect.
- On 13 May 2015, Toyota recalled 5 million cars; Nissan recalled 1.56 million cars, taking the total to 31 million in eight years.
- This came as a further setback to Takata, the company on May 8 had declared that they expected to return to profit in 2015-16.
Honda recalls 5 million cars; fears a dip in sales
- Honda Motor's decision to recall 5 million cars to change the malefic airbags made by Japan's Takata Corp caused alarm that sales may get affected.
- Honda followed its rivals Toyota Motor Corp and Nissan Motor's recall of some 6.5 million cars.
- The probe had highlighted that some Takata airbag inflators could explode with excessive force as they were sealed inefficiently.
Honda confirms 9th death over Takata airbag
- Honda Motor Co. established that a Takata airbag inflator had ruptured in a July crash of a Honda Accord which caused the death of the young teenage driver.
- It's the 9th death in the world linked to the faulty Takata inflators.
- The death is the first since April since the recall of tens of million of vehicles worldwide due to faulty airbags.
Honda Civic crash death involved Takata airbag
- The US National Highway Traffic Safety Administration revealed the Takata documents that showed that the air-bag inflator had burst in a 2007 Honda Civic in 2015 in India, wherein the driver had died.
- However, it could not be ascertained if the driver had died because of the inflator.
- If the inflator was the cause of death, this would be the 11th such death worldwide.