consumer safety crisis

House Committee Holds Hearing On Takata Airbag Recall

Takata's restructuring plan unveils in May for car makers

Takata Corp, a manufacturer of airbags used in vehicles for consumer safety, will announce its restructuring plan to automakers in May. The restructuring plan is expected to include the sharing of recall costs. The defective airbags are forcing automobile majors to recall millions of cars.

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