Friday, June 3, 2016

Several carmakers announce additional Takata recalls.

Several news outlets report that additional carmakers have announced recalls of Takata air bag inflators on Thursday. The Wall Street Journal (6/2, Spector, Subscription Publication, 6.27M) report that General Motors, Ford, Volkswagen, Daimler Vans, Jaguar-Land Rover, BMW, and Mercedes-Benz issued recalls on Thursday, according to NHTSA filings. The article writes that additional recalls are expected over the months and years ahead. The article explains that the NHTSA is carrying out the recalls in stages and will prioritize the recall in states with hot and humid climates where the airbags are more vulnerable.
        USA Today (6/2, Bomey, 6.31M) mentions that the latest recalls add an additional 4.4 vehicles to the recall. The article reports that car owners can check if their car is affected by the recall on NHTSA’s website. The article adds that nearly “all major automakers are affected by the recall in some capacity.”
        Detroit Bureau (6/2, Eisenstein) adds that the recall has put a financial strain on Takata and the company is The airbag recall has put Takata under a severe financial strain and allegedly looking for a buyer. The article mentions that takeover specialist Kohlberg Kravis Roberts may step in.
        Bloomberg News (6/2, Plungis, 2.07M) features a detailed analysis of the Takata air bag recall, which first started in 2008.
        International Business Times (6/2, Chabba, 670K), Reuters (6/2, Shepardson), Consumerist (6/2, 45K), Cars (6/2, Newman, 876K) also reports on the story.

        GM disagrees with NHTSA on Takata recall. The AP (6/2, Krisher) reports that General Motors says that the parts in it its trucks and SUVs do not pose a safety risk. The NHTSA disagrees with GM’s assessment and says it has to go through two more recalls, which are part of the first round of Takata’s recall expansion that was announced in May. GM “said that it would begin the recall process in cooperation with the NHTSA even though it doesn’t believe inflators in its trucks are unsafe.” The article suggests that GM’s resistance is surprising since it only recently went through the ignition switch scandal.