Airbags help save thousands of lives every year, but in the case of Takata Corp, the company’s exploding inflators have been linked to at least 16 deaths worldwide and more than 180 injuries.
Takata’s filing for bankruptcy protection in the U.S. and Japan and $1.6 billion sale of its assets to Key Safety Systems is the latest twist in what has been described as the largest and most complex automotive recall in history.
“The Chapter 11 bankruptcy in Delaware listed more than $10 billion in liabilities, including those from automakers like Honda Motor Co., Toyota Motor Corp. and Tesla Inc., which have claims over the airbags, and people who have brought class action lawsuits.”
“In the U.S. alone, about 43 million air bag inflators are currently subject to recall, and only about 38 percent have been repaired as of May 26, according to data on the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) website.”
This is a reminder of how important it is to check your vehicle for airbag–and indeed any other recalls–at the NHTSA website.
The NHTSA Vehicle Identification Number (VIN) search tool allows you to access recall information provided by the manufacturer conducting the recall which may not yet be posted on the website.
Finding out fast about safety problems with your vehicles, tires or car seat allows you to get your car repaired (manufacturers are responsible for costs) and to protect you and your passengers.
The National Safety Council and Fiat Chrysler just launched an awareness campaign “Check to Protect” to encourage vehicle owners to make recall checks.
Check out Insurance Information Institute facts and statistics on product recall insurance.