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Nissan To Recall Vehicles With Faulty Airbags; Takata To Blame

Nissan To Recall Vehicles With Faulty Airbags; Takata To Blame
By: George Zack
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Japanese automaker Nissan Motor Co., Ltd. (NSANY) intends to recall an additional 226,326 vehicles due to defected airbags that were supplied by TAKATA CORP UNSP (TKTDY). This will push the total number of vehicles recalled by Nissan this year to 664,628.

Takata Corporation, which is the world’s second-largest auto safety parts maker, manufactured the airbags at its Washington and Mexican facilities back in 2000-2002. The propellant in the deployment system of the airbags was exposed to moisture, which can rupture on impact, with the expulsion of metal shrapnel.

The botched record-keeping that has made it impossible to identify the faulty batch has only added to the company’s woes, resulting in massive recalls and millions in losses for both Takata and the automakers. The companies affected by Takata’s airbags comprise Toyota Motor Corp (TM), MAZDA MOTOR CORP (MZDAY), Nissan, Honda Motor Co Ltd (HMC), and BMW (BAMXY).

Nissan models that may contain the defected airbags include the Infiniti FX35, Infiniti FX45, Infinite I35, Infiniti QX42, Maxima, Pathfinder, and Sentra. It has been confirmed that the fault only exists in models sold during 2002 and 2004.

No accidents or injuries have been linked to defected Takata airbags in Nissan’s vehicles so far, but the company does not wish to take any chances. The recall will commence from August 11 and the faulty airbags will be replaced free of charge. Part of the recall expense is expected to be shouldered by Takata Corporation.

Nissan was down 0.82% and closed at $19.44 in Friday’s trading session. Takata stayed flat at $39.3.

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