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NHTSA cuts defective Takata vehicle estimate

Sep. 02, 2015 2:16 AM ETTakata Corp. ADR (TKTDQ) StockTKTDQBy: Yoel Minkoff, SA News Editor2 Comments
  • Federal safety regulators have sharply lowered the number of vehicles likely affected by faulty Takata (TKTDY) airbag inflators, cutting the figure by about 40% to 19.2M from more than 30M.
  • New information shows that some of the vehicles were originally thought to be in the U.S. (instead of overseas) and that some cars were counted twice due to driver and passenger side air bags.
  • The recall still remains the largest and most complex automotive recall in history - involving 11 different automakers.

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