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Takata under investigation over defective airbags

Oct. 23, 2014 1:57 AM ETTakata Corp. ADR (TKTDQ) StockTKTDF, TKTDQBy: Yoel Minkoff, SA News Editor
  • Following yesterday's expanded recall over faulty airbags made by Takata (TKTDY), the Manhattan U.S. attorney’s office is investigating whether the company made misleading statements about the safety of its air bags to U.S. regulators.
  • The airbags could explode with too much force during a collision, and spray drivers and passengers with shrapnel.
  • The National Highway Traffic Safety Administration nearly doubled its estimate of the number of U.S. vehicles affected yesterday, to 7.8M, saying the figure could be revised again.

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