Following the recent recall expansion over the faulty airbags made my Takata, eight automakers announced they are calling back more than 12 million US vehicles.
In the aftermath of the agreement with US safety regulators over the recent massive recall expansion, the Japanese auto parts maker declared nearly 14 million airbags defective two weeks ago. As part of the first phase extension, 12 million affected vehicles in the United States from eight automakers have been already announced to take part in this safety campaign, which is focusing on the passenger-side explosive inflators. The recalls include 4.5 million U.S. vehicles from Honda and 4.3 million from Fiat Chrysler. According to the German paper Bild, 120,000 models from the premium brand are also involved, including 2006 to 2011 X5 and X6 SUVs. Meanwhile, in Takata’s homeland, Japan’s transport ministry announced last week that 7 million more cars are also subject to the callbacks in the country.
With such overwhelming proportions of the safety crisis, Takata is in some desperate need for a financial aid, which is apparently very close to happen, as the global investment firm Kohlberg Kravis Roberts has expressed its interest in buying a 60 percent stake in the supplier. Furthermore, there are reportedly other funds willing to invest in Takata, which may face billions of dollars in costs if it is found to be solely responsible for the faulty airbags.