Originally published by William K. Berenson.
Recall Is Largest, Most Fraudulent, in History
The airbag was considered one of the most effective auto safety advances in auto manufacturing history. But 10 years ago, they began exploding without warning, killing at least six people and seriously injuring hundreds others. Takata, the company that produced most of the worlds’ airbags, denied responsibility for 14 years.
But pressured by lawsuits, the federal government, fines, and loss of revenues yesterday Takata admitted its airbags were dangerously defective and agreed to recall another 17 million vehicles. This brings the total number to 34 million — one out of seven vehicles on the roads in the U.S. — and is by far the largest in American history, surpassing even the G.M.ignition switch debacle.
Just like General Motors, Takata knew about the problem for many years and instead engaged in a massive fraud to maximize its corporate profits. I have blogged about these and other corporate cover-ups; I’m glad the truth is finally coming out and that the public will be more protected.
Takata Aware of the Problem Since 2000
When there is an impact, gas inside a canister is ignited which rapidly inflates the airbag. Takata’s airbags contained an ammonium nitrate propellant that is commonly used in fertilizer. In humid regions (like Texas) the moisture can cause the ammonia nitrate propellant to quickly burn up and inflate. The canister violently explodes, sending sharp metal fragments flying into the interior of the vehicle like shrapnel. The shards of metal are deadly missiles that can lacerate, blind, or even kill the driver and front seat passenger.
Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.
from Texas Bar Today http://ift.tt/1IPSRcp
via Abogado Aly Website
No comments:
Post a Comment