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Takata prepares for bankruptcy after recalling 69 million air bags in the U.S.

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Tokyo-based Takata is preparing for a potential bankruptcy protection filling in the U.S. after widespread air bag recalls, according to Dow Jones, citing a CNBC report.

So what does this mean for consumers who are waiting for air bag replacements? Tonight at 5:15pm, Jesse has information for drivers whose vehicles have been recalled.

Takata air bags are found in millions of vehicles manufactured by BMW, Chrysler, Ford, General Motors, Honda, Mazda, Mitsubishi, Subaru, Daimler Trucks and Toyota.

Read here for Honda and Acura air bag recall

This recall could end up costing Takata an estimated $24 billion.

Read here for Toyota air bag recall

According to the NHTSA, the recall is growing and by December 31, 2019, will include an additional 35-40 million inflators.

For more information and latest update, click here.

Visit www.safecar.gov to check the recall status of your vehicle.

Photo by Joe Raedle/Getty Images 

 

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