Takata bankrupt now what
- Thread starter lakerman
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TheSentinel
New member
I'm very curious as well. I've been waiting for a solution to the airbag recall for months. Toyota refuses to provide a rental that can tow my trailer. "We can get you a minivan!" No. In the meantime, the front passenger seat remains vacant.
TheSentinel
New member
It's been over a year since they initiated the 4Runner front passenger airbag recall. May 2016.
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gm350reratliff
New member
I think expecting a rental while waiting for an airbag is a bit extreme. I mean, how do we even know for sure that the rental would be any safer? How do we know for sure that the new airbag is any better or that there wouldn't be a defect in the repair process? Your odds are far worse on a motorcycle or just riding in a vintage car.
When your time's up, it's up. No matter what you're riding in.....
When your time's up, it's up. No matter what you're riding in.....
TheSentinel
New member
No. The vehicles have exploding airbags. It is not extreme to ask for a rental. Toyota is actively giving folks rentals because people have died as a result of their products. But, you are partially right; there are no guarantees the next vehicle's airbag won't go off like a hand grenade in your face in a fender bender.
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wfo9
New member
All 5th gens up to 2017. Some 2016s got the revised airbag all 2017s are safe.
wfo9
New member
I'm really curious to see what happens with this. I don't think hardly anyone understands how major this issue is and what it could mean for 95% of 5th gen owners. Ignorance is bliss I guess.
Funny that they said the remedy would be first available for 2010 owners in Zone A 7/2017 and the bankruptcy is announced just days before that date. Makes you wonder.
Funny that they said the remedy would be first available for 2010 owners in Zone A 7/2017 and the bankruptcy is announced just days before that date. Makes you wonder.
wfo9
New member
How can they meet the schedule when the supplier is out of business. Toyota does not know how to build an airbag....
They should take parts from new vehicle stock and meet the schedule.. but I really doubt they care enough to put existing customers above profit. It will take a few actual highly publicized deaths before any action is taken.
Hard to say what will happen, but they are already way behind schedule. I don't see why they would not push back a few more years at this point.
Jetboy
New member
I don't know how Toyota does its contracts, but if they have an attorney who knows what they're doing they have everything they need (intellectual property - designs, methods, etc.) to manufacture airbags. Generally they should put that IP stuff in escrow with a bankruptcy clause and should also have step-in rights to takeover.
Either way - it's Toyota's responsibility to figure it out. If Toyota goes bankrupt... then we have a problem.
This is not simply a Toyota issue. Takata supplied airbag inflators for many different manufacturers including Ford, Subaru, Honda, Mazda, Infiniti, etc.
As an Infiniti technician I have been doing these inflator recalls multiple times a week on several different Infiniti models for the last year. And more continue to come in… Parts are being made available but they can only produce so many at a time.
As an Infiniti technician I have been doing these inflator recalls multiple times a week on several different Infiniti models for the last year. And more continue to come in… Parts are being made available but they can only produce so many at a time.
Ray Dunakin
Senior Member
I've been expecting this for a while now. I doubt there are very many companies (if any) that could survive for long when they have to replace every product they made for the past decade or more while also being hit with huge government fines and huge lawsuits from both the automakers and the affected consumers.
As far as Toyota making their own, they don't need to. There are other manufacturers of air bag initiators besides Takata. However, that would be an expensive option. Presumably they are not paying for replacements from Takata, but they would have to pay for replacements from another supplier, AND those replacements would be more expensive than the ones they originally bought from Takata.
As far as Toyota making their own, they don't need to. There are other manufacturers of air bag initiators besides Takata. However, that would be an expensive option. Presumably they are not paying for replacements from Takata, but they would have to pay for replacements from another supplier, AND those replacements would be more expensive than the ones they originally bought from Takata.
Kamalani Mahie
New member
My 2015 has no open recalls...
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johnbt
Member
www.bloomberg.com/news/articles/201...s-bankruptcy-protection-after-air-bag-recalls
A Chinese company is buying most of Takata.
" Key Safety will substantially retain all of Takata’s employees worldwide. The air-bag maker had 50,530 people as of March 2016, according to data compiled by Bloomberg."
"Key Safety’s purchase will exclude the assets and operations related to Takata’s manufacturing and sale of ammonium nitrate air-bag inflators, according to the company.
The inflator operations are expected to be run by a reorganized Takata following the transaction closing and eventually will be wound down, the companies said."
Maybe Toyota will wake up and learn to act right.
You know, stop lying, stop covering up mistakes, stop dragging their feet, stop paying huge fines. After all, here's a perfectly good example of a company that probably thought they were too big to fail.
John
A Chinese company is buying most of Takata.
" Key Safety will substantially retain all of Takata’s employees worldwide. The air-bag maker had 50,530 people as of March 2016, according to data compiled by Bloomberg."
"Key Safety’s purchase will exclude the assets and operations related to Takata’s manufacturing and sale of ammonium nitrate air-bag inflators, according to the company.
The inflator operations are expected to be run by a reorganized Takata following the transaction closing and eventually will be wound down, the companies said."
Maybe Toyota will wake up and learn to act right.
You know, stop lying, stop covering up mistakes, stop dragging their feet, stop paying huge fines. After all, here's a perfectly good example of a company that probably thought they were too big to fail. John
johnbt
Member
"My 2015 has no open recalls..."
They don't issue the formal recall until the unit gets some age on it. They're working closely with the government no doubt to limit the number of open recalls.
My 2016 was made in September and it's on the list-to-be-recalled-eventually. Meanwhile, Toyota didn't tell me I was buying a defective airbag. The dealer didn't mention it. Neither did the salesman. They were either covering up or incompetent and should have known their product was faulty. I bought it in late November.
Bunch of clowns. They aren't too big to fail.
John
They don't issue the formal recall until the unit gets some age on it. They're working closely with the government no doubt to limit the number of open recalls.
My 2016 was made in September and it's on the list-to-be-recalled-eventually. Meanwhile, Toyota didn't tell me I was buying a defective airbag. The dealer didn't mention it. Neither did the salesman. They were either covering up or incompetent and should have known their product was faulty. I bought it in late November.
Bunch of clowns. They aren't too big to fail.
John
My 2010 Limited has no open recalls. Just checked Toyota's website by VIN.
BettysNephew
New member
I am not sure how regulated the Japanese government treats the construction of certain parts of these devices but I do know that at one time and maybe to this day, many of the explosive cartridges made for air bags in the USA were manufactured at the Rock Island Arsenal area near Davenport, Iowa. It is a very secure area with extensive acres of open spaces to contain and isolate in the event of mishaps. The chemicals used are extremely unstable at certain points during the process and are highly regulated for very obvious reasons. The mechanical parts are probably pretty benign other than shrapnel concerns, but personally I think getting bopped by the A pillar cover or other dashboard trim parts over the bags would not be a fun thing to experience.
