Business - - Nov 14,2016
Takata’s exploding airbags causes more tension for Toyota as the number of recalled vehicles by the renowned Japanese automobile company crosses 23 million
This incident is tagged as the biggest-ever recall in the automobile industry which has troubled the market standings of Toyota. Once again a major lot comprising of 5.8 million cars are getting recollected from Japan and abroad due to faulty air inflators created by Takata Corp.
The prime regions targeted in the recent recall program include Japan, China and Europe. Whereas, the disturbed car models include Corolla, Etios and Yaris that are armed with Takata’s defective airbags.
This issue was analyzed by U.S authorities which later pressurized Takata to accept their mistake regarding the manufacturing of flawed airbags. These airbags have been confirmed as dangerous because of their exploding nature. The presence of a chemical compound is found to be the prime cause for the flare up when it is exposed to hot conditions. Around 16 deaths have been recorded worldwide which has forced Toyota to call back all the doubtful vehicles that were produced between April 2006 and December 2014. Moreover, the cars manufactured during May 2000 and November 2001 are also part of this recollection campaign.
According to reports, more than 100 million airbag filters by Takata have been announced as defective on a global level. This situation has alarmed transport authorities in different countries to select inflators that do consist a drying agent.
Takata is seeking financial help from investors and automakers so as to gather its final chances of survival. But the striking impact has been on Toyoto’s business which needs to be mended. In Japan, the sale of around 1.16 million vehicles is affected by the airbag mess. Whereas, in the European market this count is somewhere close to 1.47 million cars.