Takata Settles Airbag Cases to Reorganize
Last week, every major news outlet had an article about the news that Takata has settled its airbag litigations with everyone from injured victims to car makers. They did this to move out of Chapter 11 Bankruptcy and reorganize. The overall settlement sets up a trust fund that will be used to settle the many lawsuits still outstanding. Thus far, the faulty airbags have caused 16 deaths and caused nearly 185 injuries. That is tragic for those whose loved ones were lost due to the company’s failures to inform consumers and auto manufacturers about this problem or to correct this defect until it was too late. Their lives cannot be restored. Our trust in parts manufacturers might be restored over time.
We depend on car manufacturers and those who provide parts to our vehicles, to live up to the safety standards established under American laws and regulations. It shakes our trust when a device that is supposed to protect the driver and passengers from harm or injury in an auto crash, instead causes harm or death. Airbags have saved many lives since they were required in American vehicles. But when we get into our vehicles we don’t think that a safety device can malfunction and harm us, either by detonating for no reason or detonating in a car crash but causes additional harm. Over forty million American cars have these potentially faulty airbags. Any many many vehicles are still on the roads with them, since replacements have been difficult to obtain.