Research the settlement information regarding Takata Corporation from various reliable sources.

Takata Corporation Recall Case

Research the settlement information regarding Takata Corporation from various reliable sources.

In response to the largest automobile recall in U.S. history, Takata Corporation has filed for bankruptcy protection in both Japan and the United States. The faulty airbag inflators have been linked to the deaths of 16 people and 180 injuries.

Post a clear and logical response to the following, providing specific examples to support your answers.

• What has since happened to Takata? Who will pay the estimated $1.6 billion in fines and associated penalties caused by the exploding inflators? From a strategic perspective, what did Takata do wrong? On learning of possible mechanical defects in the airbag system, what might you have recommended to the CEO of Takata? What would you have done if the CEO failed to accept your recommendation action vis-à-vis your proposed solution?

Use online sources to research the questions above and provide a response to two other students posts. Will send the students discussion to reply to.

10 hours ago

REQUIREMENTS

1 pages, Double Spacing Peirce College Stretegic Management

Masters Management

Hi there! Here are the other students answers that I need the replies to:

Student 1-

According to a CNN article, the Takata Corporation’s recall on airbags will last up to 2023. This is apart of the criminal settlement with the US Department of Justice. Takata has agreed to pay $125 million to the victims. Also, the company has pleaded guilty and will pay the total amount of fines and penalties. The company used cheaper material for airbags. Then the company tried to cover up the mistakes. The company committed fraud and manipulated test results from testing the airbags. The airbags were the cause of death for many people. The cover-up made it so much worse.

I would recommend to the CEO of Takata is to not be greedy. Businesses fail because of someone’s greed. Covering up the issues with the airbags made it a crime. Also, the company should’ve made sure all airbags were recalled. In situations like this its the companies job and duty to make sure customers aware of the recall of products. The recall should’ve been the top of the to-do list. The CEO should have made sure every owner of their car has the airbags to be contacted immediately. Emails, alerts, and mail should have been sent out to all customers. If the CEO failure to accept my recommendation I would have contacted news companies. I would have done anything to get the story out about the airbags.

https://slate.com/business/2017/08/no-one-wants-to-pay-for-takatas-future-victims.html

https://www.justice.gov/opa/pr/takata-corporation-agrees-plead-guilty-and-pay-1-billion-criminal-penalties-airbag-schemeanswers that I need that reply to

Student 2-

Takata was sold to Key Safety Systems which is part of a Chinese auto parts supplier based in Michigan (Kiley, 2018).Key Safety Systems will bought Takata for 1.6 billion (Kiley, 2018), so the 1.6 billion in fines will most likely came from the sale of Takata.Until the recall and replacement program is complete Takata will still continue to operate the airbag inflator operation due to a mandate (Kiley, 2018).Takata used a chemical compound called ammonium nitrate that over time deteriorates especially in places like the inside of a car from closed windows and sunlight due to temperatures (Kiley, 2018). I would suggest that Takata alert car makers of the defects immediately to begin the recall before more problems arise, and also suggest more R&D be put into the process before deeming a product safe.Most cars are built to last 7 years, but with people repairing cars and engines lasting longer most cars are on the road for longer. A product should be tested for a least double the amount of time of expected use.If the car is built to last 7 years than safety products should last at least 14 years, and warning stickers should state this.If the CEO refused to accept my solution I would demand to know what solution was acceptable, if that solution was not an action that I would consider acceptable I would report the CEO to the appropriate authorities.

References

Kiley, D. (2018, April 12). Takata Sells Out To Chinese While Millions of Consumers Still Driving With Deadly Airbags. Retrieved May 20, 2020, from https://www.forbes.com/sites/davidkiley5/2018/04/1…

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