The airbag safety crisis that has engulfed the auto industry – the one behind more than two dozens recalls from 11 different manufacturers affecting roughly 25 million vehicles over the past eight years – just got worse.
Shares of the supplier's stock plunge; company's future in doubt.
The largest consumer product recall in history may carry a high price tag. In a worst-case scenario, Takata could spend $24 billion fixing tens of millions of defective airbags, according to Bloomberg.
The automaker believes the German-made inflators are safe.
Volkswagen says in a letter that the company doesn't agree with NHTSA's request to recall Takata airbag inflators because the automaker believes the components in its models are safe. However, the company will still conduct the safety campaign.
A deposition by a former Takata engineer claims the company hid airbag testing failures from Honda in a report from June 2000. The company reportedly got rid off the ruptured inflators from that experiment, too.