Airbag maker goes bust

We blogged about this back in April 2016 (Y’all remember that right?)

It was and still is big news.
Sadly, it has all become to much for Takata, they have gone bust.

Takata, the Japanese corporation at the heart of the auto industry’s largest ever product recall, has filed for Chapter 11 bankruptcy protection. The business supplied airbag inflators that, thanks to poor standards in the plant where they were manufactured, were faulty. The scandal forced a worldwide recall of more than 40 million vehicles and several deaths have been linked to the issue.

CNBC reports that the company has filed for Chapter 11 in Delaware and will do so in Japan, where it is also based, on Monday. There’s no detail about how much the business owes in fines, settlements and other costs, but a Japanese financial analyst puts the figure at around $15 billion.

They are going to keep going until the replacement airbags are built and installed and then they are done.
It is amazing how seemingly one small chemical decision about what to use as the propellent one random morning would unravel to such a huge mess and sadly the horrible deaths of several people…. A life saving device taking lives.