Wednesday, October 26, 2016

Toyota's recall over risky Takata airbags rises above 23 million cars by Rishi Iyengar @CNNMoney October 26, 2016: 6:57 AM ET

The largest auto recall of all time just got even bigger.

Japanese automaker Toyota (TM) said Wednesday it's recalling another 5.8 million vehicles around the globe because of Takata's exploding airbags. That brings the total number of vehicles Toyota has called back since the start of the Takata (TKTDY) scandal to 23.1 million.
The main areas hit by the latest recall are Europe, Japan and China, Toyota said in an email. Hugely popular models like the Corolla, Yaris and Etios are affected.
The U.S. is not included in this round, the automaker said, because it has already recalled the models there that were produced during the relevant periods of time. In all, Toyota has so far recalled more than 4.5 million vehicles in the U.S.
The Takata airbags, supplied to leading carmakers around the world, have been known to explode. Instead of softening the impact of a crash, they have sprayed metal shrapnel into the bodies of drivers and front seat passengers. Victims appear to have been shot or stabbed, according to police officers who have responded to the accidents.
Takata airbags have already been linked to at least 11 deaths in the U.S. and to hundreds of injuries globally.
The crisis has resulted in a massive global recall of tens of millions of vehicles made by companies like Honda (HMC)General Motors (GM) and Volkswagen (VLKAF).
Takata, meanwhile, is seeking financial support as it struggles with the mounting financial burden.
-- Junko Ogura contributed to this report.

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