Takata Bankruptcy: What it means for you

Airbag manufacturer Takata filed for bankruptcy in June 2017 after being the cause of the largest recall in American history. Beasley Allen lawyer Archie Grubb explains the intricacies of the company’s bankruptcy filing and its effects on consumers. Takata’s airbag inflators have been linked to more than 10 deaths after exploding due to the use of an unstable compound and spraying metal shrapnel on vehicle occupants. The airbags were used by most major car manufacturers to reduce costs, and a shortage of safe airbags continues to leave drivers at risk of being injured despite the ongoing recall. To see if your vehicle is affected, visit www.nhtsa.gov/recalls, and for more information Takata’s defective airbags, click here.


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