BMW (BAMXY.PK) recalls 220K vehicles due to an issue with airbags made by supplier Takata. The wide recall covers 3-Series sedans, convertibles, and coupes. For Takata (TKTDF.PK) the issue could be a deathblow as it finds itself in the middle of numerous recall actions.
Four Japanese car makers are recalling 3.4M vehicles globally due to a malfunctioning inflator in the front-seat airbags, which are made by Takata (TKTDF.PK), although no injuries or deaths have been reported. Toyota (TM) is recalling 1.73M cars, Honda (HMC) 1.14M, Nissan (NSANY.OB) 480,000 and Mazda (MZDAY.PK) 45,500. Takata's shares slumped 9% in Tokyo.