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Takata Bankruptcy & Injury Compensation Settled

takata airbag bankruptcy settlement
February 19, 2018

Takata is a well-known airbag manufacturer that recently pled guilty to criminal charges as a result of their defective airbags. Forbes recently covered the Takata airbag recall and the consequences of their actions. They were fined $1 billion for mishandling the reporting of their faulty airbags, $25 million to U.S. regulators, $850 in recall expenses and required to set aside $125 million for restitution to drivers injured or killed as a result of their faulty airbags.

Takata Airbag Recall

Accident and test data showed that Takata airbags installed in Ford's Ranger pickups were likely to rupture on impact, sending debris into the face of the driver. As a result, Ford has advised almost 30,000 Ranger owners to stop driving their vehicles right away. 

Takata's defective airbags are installed in over 40 million vehicles and have been sold for over a decade. Most of their airbags have yet to be replaced due to availability issues of proper airbag replacements. As a result, Ford dealers have been instructed to pick up Ranger vehicles at Ford's expense and to provide their drivers with loaner vehicles until the airbags can be replaced.

Takata was found to have provided misleading and untrue information about the faulty airbags to Volkswagen, Honda, Mazda, Ford, BMW, Audi and more. You can find out if your vehicle was affected by checking the National Highway Traffic Safety Administration website. If you or a loved one experienced a car accident injury in Stuart, FL, whether as a result of a defective Takata airbag or not, contact us at the Law Office of Gloria Seidule for a free case evaluation by calling 772-287-1220 today.

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