Takata is known for supplying automotive parts like seatbelts, air bags inflaters to several automakers around the world. The Japanese automotive part manufacturer has already recalled nearly 35 million cars due to faulty air bag inflaters which have been increasing the safety risks. Now the company is recalling another additional 35 million cars again for the same reason. The affected cars include Tesla, Jaguar and Land Rover models, which were fitted with the faulty devices. Honda cars are the most affected with Takata’s faulty air bags.
In the first phase it has been already one of the biggest recall program in the US, and now with the additional recall the number is about to be doubled. Not only that, in near future more cars can be recalled if needed. The air bags are supposed to keep safe the occupants from hitting the hard surface ahead in case of any mishap, while the Takata air bags in several cars have been ruptured and spraying shrapnel to the occupants, which has led to 11 deaths across the world and dozens of injuries.
The recalled faulty airbag inflaters incorporate ammonium nitrate as a propellant and lack a drying agent, which prevents the moisture from building. This has been cited as a reason for faulting the devices and causing the explosions.
Earlier Takata supplied faulty air bags to the automakers without hiding the testing failures, due to which the company was fined of $70 million in the US. Now such a large number of recalls are increasing the financial pressure on the Japanese company. In recent times, the company has faced large stock declines and increased warranty costs. In the last financial year the company has suffered from $189 million loss, which was led by the recall expense and compensating the victims of air bag mishaps. The Japanese company is trying to sell an interior division to collect cash.