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Takata Bankruptcy #4441221
06/25/17 03:22 PM
06/25/17 03:22 PM
Joined: Feb 2007
Posts: 325
Pennsylvania
Reggaemon Offline OP
Reggaemon  Offline OP
Joined: Feb 2007
Posts: 325
Pennsylvania
Looks like Takata is filing for Bankruptcy.
Surprised it took this long.

Re: Takata Bankruptcy [Re: Reggaemon] #4441227
06/25/17 03:33 PM
06/25/17 03:33 PM
Joined: Mar 2016
Posts: 1,351
toronto
PeterPolyol Offline
PeterPolyol  Offline
Joined: Mar 2016
Posts: 1,351
toronto
Gotta allow time for Honda Motor and other primary shareholders' divestiture of the company I guess.

Re: Takata Bankruptcy [Re: Reggaemon] #4441234
06/25/17 03:43 PM
06/25/17 03:43 PM
Joined: Jul 2005
Posts: 30,415
NY
demarpaint Offline
demarpaint  Offline
Joined: Jul 2005
Posts: 30,415
NY
No surprise here, now who makes good all on the bad airbags still in millions of cars?


God Bless Our Troops

Re: Takata Bankruptcy [Re: Reggaemon] #4441247
06/25/17 03:59 PM
06/25/17 03:59 PM
Joined: Oct 2011
Posts: 5,091
USA
NHGUY Offline
NHGUY  Offline
Joined: Oct 2011
Posts: 5,091
USA
I take it Takata had nothing to do with GMs mid 1970s airbag experiment in certain high buck full size models...they actually worked and saved lives! And people say the Japanese make things better than the US can....I guess not necessarily in the 1970s!

Re: Takata Bankruptcy [Re: Reggaemon] #4441254
06/25/17 04:06 PM
06/25/17 04:06 PM
Joined: Jun 2005
Posts: 11,314
Santa Barbara, CA
bdcardinal Offline
bdcardinal  Offline
Joined: Jun 2005
Posts: 11,314
Santa Barbara, CA
I got mine fixed. I just have to deal with the weird ordering methods we have to do to get Mazda ones. I think sending smoke signals would be more efficient.


2014 Ford Mustang GT Track Pack
1995 Ford Mustang GT

Ford/Mazda Parts Counter
NRA Benefactor Member
Opinions expressed are my own.
Re: Takata Bankruptcy [Re: Reggaemon] #4441256
06/25/17 04:13 PM
06/25/17 04:13 PM
Joined: Aug 2008
Posts: 3,150
USA
Reddy45 Online shocked
Reddy45  Online Shocked
Joined: Aug 2008
Posts: 3,150
USA
What was the malicious extent of the airbag issue? Did they willingly know the mechanism was not right, or was it just bad design?

Re: Takata Bankruptcy [Re: Reggaemon] #4441260
06/25/17 04:17 PM
06/25/17 04:17 PM
Joined: May 2017
Posts: 127
South Texas Rancho
TexasVaquero Offline
TexasVaquero  Offline
Joined: May 2017
Posts: 127
South Texas Rancho
Well, one usually wishes for them to rectify their mistakes, but bankruptcy is a far stretch smirk


2014 NISSAN VERSA 5spd M/T- M1 EP 5w30 and M1 EP Filter. 5k OCI.
2011 CHEVY IMPALA 3.5ltrs - M1 HM 5w30 and M1 EP Filter. 3k OCI.
Re: Takata Bankruptcy [Re: bdcardinal] #4441272
06/25/17 04:27 PM
06/25/17 04:27 PM
Joined: Jul 2005
Posts: 30,415
NY
demarpaint Offline
demarpaint  Offline
Joined: Jul 2005
Posts: 30,415
NY
Originally Posted By: bdcardinal
I got mine fixed. I just have to deal with the weird ordering methods we have to do to get Mazda ones. I think sending smoke signals would be more efficient.


Mine is a 2016 awaiting an airbag replacement recall. IIRC they don't have replacement airbags for it yet, and they have a few years [3 I think?] after the in service date to get it squared away. My question is if Takata does go belly up, does the vehicle mfg. have to pay out of pocket for the replacement airbags, or does the vehicle owner have to eat it, or opt to continue to drive with defective airbags when the replacements become available?


God Bless Our Troops

Re: Takata Bankruptcy [Re: demarpaint] #4441278
06/25/17 04:39 PM
06/25/17 04:39 PM
Joined: Jun 2005
Posts: 11,314
Santa Barbara, CA
bdcardinal Offline
bdcardinal  Offline
Joined: Jun 2005
Posts: 11,314
Santa Barbara, CA
Originally Posted By: demarpaint
Originally Posted By: bdcardinal
I got mine fixed. I just have to deal with the weird ordering methods we have to do to get Mazda ones. I think sending smoke signals would be more efficient.


Mine is a 2016 awaiting an airbag replacement recall. IIRC they don't have replacement airbags for it yet, and they have a few years [3 I think?] after the in service date to get it squared away. My question is if Takata does go belly up, does the vehicle mfg. have to pay out of pocket for the replacement airbags, or does the vehicle owner have to eat it, or opt to continue to drive with defective airbags when the replacements become available?


That is a good question. Unfortunately I am only a parts droid. You would have to refer to a lawyer droid to get a proper answer.


2014 Ford Mustang GT Track Pack
1995 Ford Mustang GT

Ford/Mazda Parts Counter
NRA Benefactor Member
Opinions expressed are my own.
Re: Takata Bankruptcy [Re: Reggaemon] #4441315
06/25/17 05:34 PM
06/25/17 05:34 PM
Joined: Oct 2005
Posts: 4,336
Kansas
Kruse Offline
Kruse  Offline
Joined: Oct 2005
Posts: 4,336
Kansas
Considering the sheer number of recalls, I'm surprised they held on as long as they did.
Just remember that when a company declares bankruptcy, it does not necessarily mean that they will stop producing a product, it just means that their debts are forgiven.

Quote from a news source from the internet: "Takata said in February it was negotiating the sale of its business to Detroit-based Key Safety Systems, which is owned by a Chinese company."
Great....

Re: Takata Bankruptcy [Re: bdcardinal] #4441359
06/25/17 06:13 PM
06/25/17 06:13 PM
Joined: Jul 2005
Posts: 30,415
NY
demarpaint Offline
demarpaint  Offline
Joined: Jul 2005
Posts: 30,415
NY
Originally Posted By: bdcardinal
Originally Posted By: demarpaint
Originally Posted By: bdcardinal
I got mine fixed. I just have to deal with the weird ordering methods we have to do to get Mazda ones. I think sending smoke signals would be more efficient.


Mine is a 2016 awaiting an airbag replacement recall. IIRC they don't have replacement airbags for it yet, and they have a few years [3 I think?] after the in service date to get it squared away. My question is if Takata does go belly up, does the vehicle mfg. have to pay out of pocket for the replacement airbags, or does the vehicle owner have to eat it, or opt to continue to drive with defective airbags when the replacements become available?


That is a good question. Unfortunately I am only a parts droid. You would have to refer to a lawyer droid to get a proper answer.

LOL I'm going to be a wait and see droid. I have a feeling the car makers are going to be forced to eat it.


God Bless Our Troops

Re: Takata Bankruptcy [Re: Reggaemon] #4441364
06/25/17 06:24 PM
06/25/17 06:24 PM
Joined: Feb 2013
Posts: 1,047
Prospect, KY
spk2000 Offline
spk2000  Offline
Joined: Feb 2013
Posts: 1,047
Prospect, KY
They will make up for it on cost of a new car going up as long as the market will sustain it. New cars are quite expensive especially if you add all the things you would really want to have.


96 Grand Marquis
01 Sable LS
02 Montero
Re: Takata Bankruptcy [Re: spk2000] #4441386
06/25/17 06:48 PM
06/25/17 06:48 PM
Joined: Sep 2009
Posts: 15,999
OH
fdcg27 Online content
fdcg27  Online Content
Joined: Sep 2009
Posts: 15,999
OH
Originally Posted By: spk2000
They will make up for it on cost of a new car going up as long as the market will sustain it. New cars are quite expensive especially if you add all the things you would really want to have.


New cars are dirt cheap, especially when you consider all of the toys they come with as base equipment.
There was a day when you actually paid extra for things like air conditioning, power windows, power door locks, a tilt steering column, a fob for remote unlock, a security system, a CD player and the list goes on.
We paid about 17K new for our '99 Accord 5spd sedan. We paid about 19K for our '12 Accord and it is an automatic and has a CD player, remote lock/unlock, a security system as well as a power driver's seat and alloy wheels.
It also has a timing chain engine, which will save us a few hundred bucks at 100K or so as well as more power in a much more spacious car that yields about the same fuel economy in typical use.
All in all, new cars are quite a bargain as compared to their earlier iterations.
WRT to Takata and liability for airbag replacements, that's the OEM's problem, just as it always has been. The demise of a supplier in no way excuses an OEM from liability to complete a recall.


17 Forester 12K MSS 0W-20
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09 Forester 95K M1HM 10W-30
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Re: Takata Bankruptcy [Re: Reggaemon] #4441470
06/25/17 08:55 PM
06/25/17 08:55 PM
Joined: Feb 2010
Posts: 200
Knoxville, Tennessee
svhanc Offline
svhanc  Offline
Joined: Feb 2010
Posts: 200
Knoxville, Tennessee
Key Safety will buy them out after bankruptcy.
They knew they had big problems for a long time. At one point they were trying to move to outsourcing all their inflators production to stop the impending doom. It was a matter of time.
When a mass-produced explosive device a foot away from your head is sold for less than a medium pizza there will be corners cut. Takata is not the only one out there.
I am so glad to be away from that business.


2010 Toyota Tacoma 4x4 2.7 5spd ([email protected]&Fram [email protected])
2001 Jeep Cherokee XJ 4.0 Auto ([email protected]&Fram [email protected])
2007 Suzuki SV650N
Re: Takata Bankruptcy [Re: Reddy45] #4441493
06/25/17 09:09 PM
06/25/17 09:09 PM
Joined: Sep 2016
Posts: 1,418
Minnesota
bioburner Offline
bioburner  Offline
Joined: Sep 2016
Posts: 1,418
Minnesota
Originally Posted By: Reddy45
What was the malicious extent of the airbag issue? Did they willingly know the mechanism was not right, or was it just bad design?

Anyone thats worth their salt in the explosive industry could have told you that ammonium nitrate has issues being highly hydroscopic along with other storage issues, Old addage you get what you pay for applies. Issue started showing up in the warm humid south.



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