{"id":1156,"date":"2017-12-08T11:37:21","date_gmt":"2017-12-08T11:37:21","guid":{"rendered":"https:\/\/www.groupactionlawyers.co.uk\/blog\/?p=1156"},"modified":"2017-12-08T11:37:21","modified_gmt":"2017-12-08T11:37:21","slug":"takata-files-bankruptcy-under-pressure-numerous-lawsuits","status":"publish","type":"post","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/takata-files-bankruptcy-under-pressure-numerous-lawsuits","title":{"rendered":"Takata files for bankruptcy as it buckles under pressure of numerous lawsuits"},"content":{"rendered":"

The motor industry was shaken by revelations of Takata’s dangerous airbags<\/a> that have the potential to explode and shoot shards of metal into the cabin of a car. As one of the world’s largest producers of airbags, its inflatable devices are used in vehicles made by Honda, Mazda, Toyota, Subaru and BMW.<\/p>\n

After at least 17 deaths reportedly linked to Takata airbags<\/strong>, and further reports of injuries caused as well, automakers have been forced to recall millions of cars and are looking to recover the costs of recalls and lawsuits from Takata.
\n<\/p>\n

The Takata airbag scandal<\/h2>\n

The Japanese-made airbags are reportedly vulnerable to spontaneous explosion when exposed to humidity, high temperatures and high-temperature cycling. The explosions can be incredibly dangerous as metal shards can fire out, posing an obvious risk.<\/p>\n

It was also revealed that the company allegedly knew about the volatile nature of the substances they were using to inflate their airbags. They nevertheless went ahead with using the compound as it was cheaper<\/strong> than the safer alternative.<\/p>\n

It seems that a move to cut costs has now cost them everything.<\/strong><\/p>\n

Concerns over airbags being re-used<\/h3>\n

In addition to this huge mess, there are growing concerns that recalled devices are making their way into used cars. In one case, a recalled airbag in a wrecked car was taken to the salvage yard but removed and reportedly fitted into a 2002 Honda Accord. An unsuspecting 19-year-old woman was then killed by the airbag<\/strong> as a piece of shrapnel shot into her neck when it exploded, puncturing her trachea.<\/p>\n

Honda says it has bought 75,000 of the recalled inflators from salvage yards to keep them from being put back into used cars.<\/p>\n

Massive lawsuits<\/h3>\n

Lawsuits from owners have cost Nissan $98 million; a sum Nissan is keen to recover from Takata. Mazda recalled 80,000 of their vehicles to replace the dangerous airbags; a necessary move that would have nonetheless caused a lot of annoyance for owners and cost a significant amount for having to purchase the replacement parts and fix the vehicles free-of-charge for the owner.<\/p>\n

Honda have agreed to pay out over $484 million over their customer’s financial losses and to pay for replacing the faulty airbags. Honda has set aside $40 million just to reach owners of older Honda vehicles that may carry the volatile devices.<\/p>\n

Court approval for cases<\/h3>\n

Takata’s consumers, car makers and shareholders wasted no time in demanding compensation for the damages the Japanese car parts maker has caused. A Preliminary court approval has been received for a $533 million settlement<\/strong> to be paid to Toyota, Subaru, Mazda and BMW.<\/p>\n

However, Takata’s funds are said to be low, and there are worries as to whether the company can afford to pay for all the damages caused. In filing for bankruptcy, Takata has handed its funds to the authorities to decide how to compensate consumers whilst protecting tens of thousands of jobs.<\/p>\n

Image Source: http:\/\/www.ibtimes.com\/nissan-toyota-join-honda-dropping-takata-airbag-inflators-other-japanese-automakers-2174212<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The motor industry was shaken by revelations of Takata’s dangerous airbags that have the potential to explode and shoot shards of metal into the cabin of a car. As one of the world’s largest producers of airbags, its inflatable devices are used in vehicles made by Honda, Mazda, Toyota, Subaru and BMW. After at least … Continue reading Takata files for bankruptcy as it buckles under pressure of numerous lawsuits<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[13],"tags":[18],"class_list":["post-1156","post","type-post","status-publish","format-standard","hentry","category-automotive","tag-takata"],"yoast_head":"\nTakata Files For Bankruptcy 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It has been revealed that Takata had been making the potentially defective airbags since the early 2000s, and any attempt to unearth\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/category\/automotive"},"img":{"alt_text":"exploding airbags","src":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1019,"url":"https:\/\/www.groupactionlawyers.co.uk\/blog\/defective-takata-airbag-may-reportedly-involved-traffic-fatality","url_meta":{"origin":1156,"position":1},"title":"Defective Takata airbag may reportedly be involved in traffic fatality","author":"Admin","date":"16th October 2017","format":false,"excerpt":"We've been covering the Takata airbag scandal for some time now, and news has emerged of another potential fatality that may be directly linked to the defective airbags. A woman reportedly died from injuries sustained in a car collision in July this year, which involved a Honda Accord 2002 said\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/category\/automotive"},"img":{"alt_text":"exploding airbags","src":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":690,"url":"https:\/\/www.groupactionlawyers.co.uk\/blog\/takata-pleads-guilty-over-air-bag-scandal-agree-pay-1-billion-fines","url_meta":{"origin":1156,"position":2},"title":"Takata pleads guilty over momentous air bag scandal and have agreed to pay $1 billion in fines.","author":"Admin","date":"31st May 2017","format":false,"excerpt":"It seems the Takata airbag scandal is finally drawing to a close as the auto parts manufacturer, Takata Corp, has pleaded guilty to fraud in hiding the dangerous defect. Based in Japan, the company found themselves in hot water as 16 deaths were connected to lethal Takata airbags that exploded\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/category\/automotive"},"img":{"alt_text":"exploding airbags","src":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":440,"url":"https:\/\/www.groupactionlawyers.co.uk\/blog\/takata-faulty-airbags-cost-1bn-us-settlement","url_meta":{"origin":1156,"position":3},"title":"Takata’s faulty airbags looking to cost $1bn (\u00a3812m) in U.S. settlement","author":"Admin","date":"5th January 2017","format":false,"excerpt":"It hasn't been a good few years for the automotive industry. First we had the Volkswagen (VW) scandal, and now Takata Corporation's huge airbag disaster; which may cost the Japanese auto suppliers up to $1 billion (\u00a3812 million) in a U.S. criminal settlement. Takata has been manufacturing airbags for several\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/category\/automotive"},"img":{"alt_text":"us settlement","src":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/us-settlement.png?fit=725%2C250&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/us-settlement.png?fit=725%2C250&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/us-settlement.png?fit=725%2C250&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/us-settlement.png?fit=725%2C250&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":539,"url":"https:\/\/www.groupactionlawyers.co.uk\/blog\/takata-to-plead-guilty-for-airbag-defect-scandal","url_meta":{"origin":1156,"position":4},"title":"Takata to plead guilty for the airbag defect scandal","author":"Admin","date":"2nd March 2017","format":false,"excerpt":"Major auto part maker Takata is set to plead guilty and pay a $1 billion settlement in a plea agreement over an airbag fault scandal. It has been called one of the \"largest and most complex safety recall\" cases in history, with defects linked to 16 deaths worldwide, and a\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/category\/automotive"},"img":{"alt_text":"exploding airbags","src":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":875,"url":"https:\/\/www.groupactionlawyers.co.uk\/blog\/exploding-takata-airbags-many-millions-involved-recalls","url_meta":{"origin":1156,"position":5},"title":"Exploding Takata airbags: many millions involved in recalls","author":"Admin","date":"9th August 2017","format":false,"excerpt":"There have been multiple calls to get Takata inflators out of vehicles and off the roads for several years, and after a crash where a Takata airbag reportedly nearly caused a woman's death, these calls are getting louder. Karina Dorado's trachea was reportedly punctured by shrapnel from a Takata inflator.\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/www.groupactionlawyers.co.uk\/blog\/category\/automotive"},"img":{"alt_text":"exploding airbags","src":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.groupactionlawyers.co.uk\/blog\/wp-content\/uploads\/2017\/01\/air-bags.png?fit=725%2C250&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1156"}],"version-history":[{"count":2,"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1156\/revisions"}],"predecessor-version":[{"id":1161,"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1156\/revisions\/1161"}],"wp:attachment":[{"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.groupactionlawyers.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}