BUSINESS / Companies

Takata doubles U.S. recall to nearly 34 million air bags

Transportation Secretary Anthony Foxx (left), accompanied by NHTSA Administrator Mark Rosekind, talks about the Takata air bag inflator recall Tuesday at the Transportation Department in Washington. Air bag maker Takata Corp. has agreed to declare 33.8 million of its inflator mechanisms defective, effectively doubling the number of cars and trucks that have been recalled in the U.S. so far. | AP

Kyodo

May 20, 2015

NEW YORK –

U.S. regulators announced Tuesday that embattled auto parts supplier Takata Corp. has acknowledged defective air bags in 33.8 million vehicles in what an official described as "the most complex" recall in the country's history.

The course of events hit Takata shares hard during trading on the Tokyo Stock Exchange on Wednesday, driving them down 10.21 percent to ¥1,353.

"This recall involves 11 auto manufacturers, many different parts suppliers, not just Takata, and roughly double the number of vehicles built in the United States every year," Department of Transportation Secretary Anthony Foxx said at a news conference announcing the move.

Takata doubles U.S. recall to nearly 34 million air bags

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