Beginning in 2014 the Japanese auto parts maker Takata Corporation was at the center of what became the largest automotive recall in history, after its airbag inflators were found to be prone to rupturing and sending metal fragments into vehicle occupants. The defect was linked to dozens of deaths worldwide and led automakers across the industry to recall tens of millions of vehicles fitted with the affected inflators.
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WikipediaDefective airbag recalls (2013-present) section
In 2014, BMW, Chrysler, Ford, Honda, Mazda, Nissan, and Toyota notified the NHTSA that they were conducting limited regional recalls to address a possible safety defect involving Takata airbag inflators.
Companies Involved: Takata Corporation, History section, bankruptcy paragraph
On June 25, 2017, Takata filed for Chapter 11 bankruptcy in the United States and filed for bankruptcy protection in Japan, owing more in compensation than was possible for its survival. Their remaining assets were sold to its largest competitor, Chinese owned and Michigan based Key Safety Systems, for about $1.6 billion.
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Associated With: Operations, Classified by subject-matter domain of the corporate event (w-bbfill-business-other-0926); cites the discipline definition.View the Source Reader Challenges (0)
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