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snoodog · 3229 days ago · link · · parent · post: Yet another 40 Million cars are being recalled due to the ongoing Takata Airbag fiasco. Link to Car and Driver's cliff notes in comments.
I dont know why they just dont declare bankruptcy and restructure under a new name. They could shed all the legal liability and call it a day since they really cant afford to replace 85 million airbags. Damages will be in the 3+ billion dollar range and their reputation is shit as well. I guess if you are an executive you try to hold out for as long as possible and keep collecting those big bucks.