Takata bankrupt now what

[Mack1611]

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.....

Last year Acura covered a rental for me on this recall... 3 months, and I got a new battery for free.

 

[JayceeP]

For the Canadian owners: https://www.toyota.ca/toyota/en/my-toyota/recalls

I don't know... I'm not really concerned about the language on this. I mean, people aren't going to let passenergs in their car until the airbag is switched? I feel a sense of overreaction here. What's the probability of this happening? It seems low. I expect I face more dangers with much greater probability everyday. I mean, my brake calipers are seizing (new ones just arrived today). What happens if they fail? This does not appear to be an imminent threat and it sounds like it is being corrected. In Canada they are still on fairly late model cars. Seems like it will be a while until mine is fixed.

 

[Salvo Jimmy]

When your time's up, it's up. No matter what you're riding in.....

Old farmer to a barnstormer who is trying to convince him to take a plane ride.

Yeah, I believe that when my time is up, it's up, but what if I'm up yonder with you and your time is up, what in tarnation am I gonna do then.:bounce:

 

[wfo9]

man there are some real puss1es on this forum. 16 deaths out of how many Toyotas on the road? Michelin tires killed more people and both Ford and Michelin are still on the road.... relax! and besides look at all the affected brands! what are you gonna trade to? You want toyota to give you a rental? Um that rental has the same damn airbag...... your choices are walk, vespa or grow a set and drive your 4runner

Grow a set. I have no problem living on the edge, and not worrying about things I can' control. I do have a problem putting my kid, wife, nephew, friend in the front seat. Then having a minor accident and killing or maiming them... When I had knowledge the airbag was deemed dangerous and defective by experts on the subject. All because Toyota was too greedy, lazy, unorganized.... to replace it.

They have the airbags available. They just choose to use them on new vehicles instead of protecting and putting existing customers first. Sure its easy not to give a shit when it does not effect you, but things have a way of coming around.

When Toyota steps up and replaces a single airbag on the 5th gen I'll give them props for finally responding and putting customers first. Until then, they are on my shit list for doing the wrong thing and acting like a POS company. Their track record is not impressive in this area and it seems nothing has changed since the last criminal case against them. This time is different since they have an out with Takata, but same basic slow reaction with lots of feet dragging and keeping existing and even new customers in the dark.....

You bring up other companies.. but they have all pretty much had remedies available for a long time. Shit, Honda begs customers to bring in their cars. Toyota just hopes you will never show up and forget about it.

 

[wfo9]

I second this, I would really like to have that information as well as how to tell when your 4Runner was built. I've never had to look for this information before, so I am in the dark there.

Your mfg date should be on the plate inside the driver door. Not sure how you find out when in 2016 they started using revised airbags.

 

[Toffees]

Old farmer to a barnstormer who is trying to convince him to take a plane ride.

Yeah, I believe that when my time is up, it's up, but what if I'm up yonder with you and your time is up, what in tarnation am I gonna do then.:bounce:

Reminds me of the Irishman from Braveheart

 

[1jzgte]

Grow a set. I have no problem living on the edge, and not worrying about things I can' control. I do have a problem putting my kid, wife, nephew, friend in the front seat. Then having a minor accident and killing or maiming them... When I had knowledge the airbag was deemed dangerous and defective by experts on the subject. All because Toyota was too greedy, lazy, unorganized.... to replace it.

They have the airbags available. They just choose to use them on new vehicles instead of protecting and putting existing customers first. Sure its easy not to give a shit when it does not effect you, but things have a way of coming around.

When Toyota steps up and replaces a single airbag on the 5th gen I'll give them props for finally responding and putting customers first. Until then, they are on my shit list for doing the wrong thing and acting like a POS company. Their track record is not impressive in this area and it seems nothing has changed since the last criminal case against them. This time is different since they have an out with Takata, but same basic slow reaction with lots of feet dragging and keeping existing and even new customers in the dark.....

You bring up other companies.. but they have all pretty much had remedies available for a long time. Shit, Honda begs customers to bring in their cars. Toyota just hopes you will never show up and forget about it.

Well I'll agree with you on that. They are definitely coming up with a "remedy" for far too long.

 

[ParsonsWV]

"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

When I was selling jeeps we had a recall on the shifters in the grand Cherokees. Not sure if you all remember but they changed the shifter for a year or two so that no matter what gear you were in it stayed centered and not how it usually is at the top or bottom of the shift channel.

We had open recalls and after a point were not allowed to sell the vehicles that had not been switched to the old/new shifter that actually changed positions and stayed beside the gear that you were actually in.

We were told that when customers came in do not mention anything about the shifters. Whether they were wanting to trade theirs in or buy a new one that had not had the recall done yet as it would put the dealership in a position of liability. So even though we knew it was a safety recall for liability reasons we were not allowed to talk about it.

 

[RaisedByWolves]

I ran a recall check on my 15 LE and it returned zero results for recalls

 

[johnbt]

"man there are some real puss1es on this forum."

Says the guy who can't even spell it. Jeez.

The problem is it's the passenger seat. I'm the driver, I'm responsible for the passenger. In this case, it's usually my girlfriend and I love her.

You? You're an idiot.

John

 

[wfo9]

I ran a recall check on my 15 LE and it returned zero results for recalls

Can you not read..? Seriously, it has been explained about 10x in this thread alone. Your truck (since it is a 2015) will be recalled in the future. The airbags have a shelf life of 5-10 years before it becomes a bomb (depending on where you live...). so they won't recall it until it is considered to be in the danger zone or they have extra parts available..... But at this point it does not matter if it is recalled or not since there are no parts available to replace it. Some have been waiting for over a year after being in the danger/active safety recall zone....

All 5th gens except 2017 and a few very late 2016s have the same defective airbags. They continued to sell them for a long time since they still had a shelf life... Many customers were not told even though the long term re-sale value of the vehicle could be considered greatly diminished if they never come up with parts.

 

[BlueRunner15]

They are starting to repair with parts from other manufacturers. We just got our 2010 Corolla repaired a couple of weeks ago. We got the remedy notification a couple of days ago which included the 2010-2011 (maybe 2012) 4Runners.

 

[RaisedByWolves]

Can you not read..? Seriously, it has been explained about 10x in this thread alone. Your truck (since it is a 2015) will be recalled in the future. The airbags have a shelf life of 5-10 years before it becomes a bomb (depending on where you live...). so they won't recall it until it is considered to be in the danger zone or they have extra parts available..... But at this point it does not matter if it is recalled or not since there are no parts available to replace it. Some have been waiting for over a year after being in the danger/active safety recall zone....

All 5th gens except 2017 and a few very late 2016s have the same defective airbags. They continued to sell them for a long time since they still had a shelf life... Many customers were not told even though the long term re-sale value of the vehicle could be considered greatly diminished if they never come up with parts.

Yea I don't like reading
Thanks Richard

 

[TacoRunn0517]

"Key Safety Systems, a Chinese-owned company based in Michigan, is paying $1.6 billion for nearly all of Takata's operations. But it's staying away from the parts that deal with the airbag inflators, which will eventually be wound down."

- CNN Money

http://money.cnn.com/2017/06/25/news/companies/takata-bankruptcy/index.html

It will be interesting to see how Toyota handles this. I know with the Tacoma frame recall, my dad's 2005 was taken in and Toyota gave him a rental during that time. It was actually 2 Corollas (what a substitute haha) over several months due to the availability of new frames. I know that the frames were supplied by Dana Holding and dealt with Tacos, Tundras and Sequoias. The question is, does the significant frame recall set the precedent for Takata and their air bag inflator malfunction? We shall see.

 

[CoolMax]

Takata Files For Bankruptcy Protection Over Air Bag Troubles : NPR

Crippled by lawsuits and recall costs over faulty air bags, the auto parts maker filed for bankruptcy protection in Japan and the U.S. David Greene talks to Charles Tatelbaum, a bankruptcy attorney.

DAVID GREENE, HOST:

The Japanese auto part maker responsible for faulty air bags that killed more than a dozen people is declaring bankruptcy in Japan and in the United States. Takata, one of the largest manufacturers of automobile seatbelts and air bags, faces billions of dollars in legal liabilities and also the cost of replacing tens of millions of faulty air bags.

Charles Tatelbaum is a lawyer specializing in bankruptcy at the firm Tripp Scott. He joins us this morning from Old Lyme, Conn. And did this bankruptcy come as a surprise to you?

CHARLES TATELBAUM: No, it was anticipated over the last couple of weeks. They'd been trying to sell the business, and nobody wanted to take the chance of assuming all the responsibilities without bankruptcy.

GREENE: Well, can we talk about how this affects consumers, different groups of consumers? I mean, I wonder if this makes things different now for families of those who were killed and injured in terms of seeking compensation.

TATELBAUM: It does. They're going to have to deal with the bankruptcy court process in the U.S. and maybe in Japan - but probably just in Delaware because now they're going to sell the business. There's going to be a pot of money, maybe about a billion dollars. And it's going to be a feeding frenzy because it's not only the people that were injured but the big manufacturers that need recompense for replacing all the air bags.

GREENE: Oh, so all of that might become sort of a distraction and create a lot of noise that wasn't there before when you have these families who are trying to go through the legal journey of getting money for themselves.

TATELBAUM: Exactly right. I mean, bankruptcy, unfortunately, just becomes a feeding frenzy of everybody trying to get a piece of the pie. Detroit was a perfect example of that.

GREENE: Now, Detroit, you're saying - the city that went into bankruptcy, and we saw...

TATELBAUM: Yes.

GREENE: ...A lot of - that was a very complicated picture. What about if you are a driver and you are still waiting to have your air bag replaced? As I know, there are a lot of drivers out there. I mean, can they still expect to have those replacements come?

TATELBAUM: They will. They probably - may have to sell their car before they do...

GREENE: (Laughter).

TATELBAUM: ...Because somebody has to produce them. The manufacturers have to pay for them. And the estimate is there's still 65 percent of the 46 million recalled air bags have not been replaced.

GREENE: That's a stunning amount of air bags. Well, this, we should say - this company, Takata, was, I mean, by far the biggest producer of air bags for the industry. You say there's going to be this feeding frenzy now. But, I mean, what does this mean for big automakers who use these products?

TATELBAUM: Well, there's a Chinese company that's in Sterling Heights, Mich., called Key Safety Systems that...

GREENE: OK.

TATELBAUM: ...Is going to buy the business and, if the court approves it, take it over and try to take - you know, to run the business and supply the products. But there may be a slowdown there, which will hurt the auto manufacturers themselves for the new cars.

GREENE: Is there a larger lesson we should be taking from this company going to bankruptcy?

TATELBAUM: Well, I think it is when you have a single-source supplier such as the Takata, the manufacturers put all their eggs in that basket.

GREENE: All right, speaking to Charles Tatelbaum, who's a bankruptcy lawyer with the firm Tripp Scott, about the news this morning that the Japanese auto part maker Takata has declared bankruptcy in both Japan and the United States, which could have an enormous impact on people who are looking for compensation for the families who have been killed and injured and also people waiting for their new air bags.

Thanks for joining us this morning. We appreciate it.

TATELBAUM: My pleasure.

(SOUNDBITE OF TEAKWOOD BETZ'S "PERPETUAL GROOVE")

Copyright © 2017 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

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[Thirty4]

Your mfg date should be on the plate inside the driver door. Not sure how you find out when in 2016 they started using revised airbags.

Thanks for the info!

 

[wfo9]

2011 TE = There are no open Safety Recalls or Service Campaigns for this vehicle.

You people are hopeless. Please read the thread.

It's where you live and the year that determines the status.. it will come up in phase 4 2019.... Same airbag in all 5th gens except 2017 and some late production 2016s.


One more time.
https://techinfo.toyota.com/techInf...echinfo/html/prelogin/docs/cp/g1pg1rtofaq.pdf

If you read between the lines in that document you will see Takata was more or less running the recall schedule and prioritization. Hard to say what will happen at this point.

Our trucks may have just lost about 50% of their value. Even 2015s may not get airbags for 10+ years if ever. Really no way to say at this point. I think many are brushing this issue off. I think it is much bigger than most think. I'll probably disable mine soon.

I can't see how they will get parts. The entire industry may be at a standstill. Hopefully it is no big deal, but if all the liability is gone and no more supply... It will take years for the supply chain to build back up.

 

[clanger]

I wish the Toyota dealership I bought my used 2014 Certified 4Runner would have mentioned this to me at the time of purchase. Sounds like something that should be disclosed ahead of time. I would have steer clear and bought a new 4Runner. The price difference was about $7k and the peace of mind knowing I wouldn't get loaded up with metal would have been worth it. Now I feel like I have a ticking time bomb ready to go off. I know it might not happen but why even live with that thought?

Are there any aftermarket options that can replace this? I really don't want to wait for Phase 4 of this which will be Early 2019 based on my location. That is hoping the supply chain doesn't get messed up from this bankruptcy.

 

[pat1]

Takata isn't the only air bag suppliers. Relax guys it will be ok. If this recall bothers you, get in touch with your dealer and tell them that you don't feel safe driving it. They will probably put you in a rental at their expense.

If you don't what to take that route pull the airbag fuse and disable the system. Remember pre 90's when there wasn't airbags in vehicles.

You really have to put this in perspective. Out of the millions of air bags this have hurt a very few. I think you have a better chance in winning the lottery or getting bit by a shark.

 

[mmike87]

Air bags are stupid. There. I said it.

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