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Takata Americas history
Takata Americas company history timeline
Takata Corporation is an automotive parts manufacturer based in Japan and founded in 1933.
1933 - Takezo Takada starts Takata Co, maker of lifelines for parachutes.
1960 - Takata starts making two-point seatbelts.
1987 - Takata begins producing driver’s side airbag modules.
Around 2000: Company notes internally that air-bag inflators are not functioning properly and some have erupted in tests.
2003 - Takata learns of a rupture during airbag deployment in a vehicle in Switzerland.
February 2004: Unidentified Takata executive admits to "manipulating" test data on air-bag inflators, according to the company's criminal settlement with the United States Justice Department.
Since 2004, a rolling recall of Takata airbags has been on-going.
The vehicle was a 2005 Honda Civic whose driver suffered fatal injuries after a crash.
2007: Honda reports three incidents of air bags rupturing to Takata.
In November of 2008, Honda recalled more than 4,000 cars with Takata airbags, which increased to an additional 510,000 vehicles six months later after a teenager was killed by fragments from an exploding airbag.
Before 2008 - Takata learns of a series of ruptures in the field, determines production issues as possible cause.
June 2009: Honda recalls more than half a million air bags to fix the defect.
2010 - Honda expands recalls.
January 2012: In a meeting with United States auto-safety regulators, Takata "failed to clarify inaccurate information" on the air bags, according to a consent decree the company later signed.
2013 - Toyota Motor Corp, Honda, Nissan Motor Co , Mazda Motor Corp, BMW recall around 3.4 million vehicles globally.
22, 2016: Federal auto safety regulators attribute a tenth death to a ruptured Takata air bag.
2, 2016: A panel led by former United States Transportation secretary and White House chief of staff Samuel Skinner issues a report concluding that Takata must revamp its procedures for checking the quality of its car products.
January, 2017 - Takata pleads plead guilty to United States criminal wrongdoing, agrees to pay $1 billion fine.
May 18, 2017: Four automakers — Toyota, Mazda, Subaru and BMW — agree to their own settlement with consumers over economic-loss claims by owners of vehicles equipped with Takata air bags.
There is the necessity for these vehicles to be recalled by 2018.
Takada says he and top management will resign when takeover complete, expected in early 2018. (Reporting by Naomi Tajitsu; Editing by William Mallard and Himani Sarkar)
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