Takata to announce recall of 35 million-40 million U.S. air bag inflators: sources
Source: Reuters
Under pressure from U.S. regulators, Japanese air bag manufacturer Takata Corp (7312.T) is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, three sources briefed on the matter said on Tuesday.
The expanded recall will be phased in over several years and more than double what is already the largest and most complex auto safety recall in U.S. history. The new recall will cover all frontal air bag inflators without a drying agent, sources briefed on the matter said.
To date, 14 automakers, led by Honda Motor Co (7267.T), have recalled 24 million U.S. vehicles with 28.8 million inflators due to the risk that they can explode with too much force and spray metal shards inside vehicles.
In recent days, officials from the U.S. National Highway Traffic Safety Administration (NHTSA) told Takata they need to expand the recall based on the government's determination of the root cause of the problems, sources briefed on the matter said.
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Business | Tue May 3, 2016 6:24pm EDT
WASHINGTON | BY DAVID SHEPARDSON