Car Manufacturers Still Using Dangerous Takata Air Bags?
Takata has recalled an estimated 65 million airbags because they are dangerous and potentially deadly. These airbags reportedly go off unexpectedly and the metal pieces of the airbag come apart and fly into the passenger compartment of the vehicle.
Now a new report shows that 4 car manufacturers are putting the defective airbags into BRAND NEW CARS! The car companies are Fiat, Chrysler, Mitsubishi, Toyota and Volkswagen. The catch is that the airbags in these new cars have to be recalled by 2018 and replaced.
In this article, a senior editor with Kelly Blue Book said, “Takata’s air bags haven’t typically thrown shrapnel at occupants in their first few years after production.” Did he say that with a straight face? Well that is good to know. At least these car owners have a lower chance of getting their bodies scared by flying shrapnel in the first few years.
The even more disturbing aspect of this story is that the manufacturers are not required to inform the consumer of the defective part at the time of the sale. Would you want to buy a car that potentially could cut up your face?
This is wrong on so many levels.
The problem the article points out is simply that “the sheer size of the Takata recall — potentially affecting 65 million air bags — has made it difficult or impossible for automakers to obtain replacement parts. Takata says it is ramping up production and using other suppliers to help with demand.”
If automobile manufacturers did what was right for the consumer and not use Takata defective airbags, then they would risk making less money. Due to supply issues, they wouldn’t be able to keep up with demand. So, I am sure the rational was – Why not use them? After all, they would just get thrown out anyway.
Why aren’t the politicians putting a stop to this? I speculate that the politicians won’t take action. They want their political donors to be making plenty of money.
Let’s say that there is 99% probability that these consumers will be ok during the first two years. What about that one or two that weren’t so lucky? What about the even greater percentage of consumers who won’t either remember to get the recall or who are too busy with life to bother. After all, I am sure that these car manufactures are going to do the bare minimum communication wise to make sure that these recalls happen. Do you really think that the Takata Airbag shortage is going to get better by 2018 with potentially 65 million airbags that need to be replaced? People who are currently having to get the airbags recalled are being put on a waiting list as much as a year.
The politicians are regulating everything except what they should be regulating. With record numbers of recalls and shoddy workmanship, the car business needs a lot of regulating.
Bob Brooks is host of The Prudent Money Radio Show, Financial Advisor, and active money manager that consults and helps people plan.