Burden Of Replacing Takata Airbags Falls On Automakers

Thursday, November 3rd, 2016 Auto Subrogation

Automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp (7312.T) airbags, no matter what happens to the Japanese supplier, the top U.S. vehicle safety regulator said on Wednesday. Mark Rosekind, the head of the National Highway Traffic Safety Administration, told reporters in Detroit he is concerned that not enough is being done to find and fix more than 300,000 older vehicles, mostly made by Honda Motor Co (7267.T), that have Takata airbags with a 50 percent chance of exploding in a crash.

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http://www.reuters.com/article/us-autos-takata-nhtsa-idUSKBN12X1XY

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