The tragedy -

Takata Corporation is a Japanese-based company that manufactures safety products, primarily airbags and seat belts, as a tier one supplier to the global auto industry. Unfortunately, due to alleged defective airbags produced, Takata has recalled reportedly 122 million airbags globally, with a projected cost of $12 billion.

Takata’s airbag recall is tragic because the airbags are allegedly responsible for over 15 deaths and over 150 accidents around the world, according to the December, 2016 reports by the Wall Street Journal and the Bangkok Post.

Originally published in Eurofenix magazine in Winter 2016/17.