Takata settles
I find bankruptcy to be a very curious legal instrument. It's as if nobody got hurt as a result. There was one co. that comes to mind, in telecom, that rang the opening bell to the NYSE recently? HUH? You went bankrupt and didn't pay your creditors, now you are a public co. again and cheering? I find this bizarre.
Anyway, through no choice of my own, I am a member in the Takata class action. Would be curious what they would pay the class, it had been already agreed to last Fall. Now it appears they've settled with those who were injured by their products. edit link https://www.seattletimes.com/busines...it-bankruptcy/ |
Maybe, from now on, automakers will do more of their own work and development, instead of depending on sub-contractors.
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Originally Posted by Johnhav430
(Post 10111583)
through no choice of my own, I am a member in the Takata class action.
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Originally Posted by mmarshall
(Post 10111595)
Were you actually injured by a defective Takada product?
I had a 2016 loaner car for 4 1/2 mos., so I can't knock BMW. That's good faith. They're even providing loaner cars for the blower motor recall, which I did not partake in, because I just don't think I'm that worried about the blower motor and don't need a loaner in that case, nor do I have the room for a 5th car in the driveway (could catch fire but I've had the car 11 years and I feel ok with it). So for all the knocks that BMW takes on our forum, at least they demonstrate good faith, maybe better than a lot of car cos, I mean I wish I had $10 for everytime a person said they had a serious problem with a used car, and BMW paid for > 50% of the out-of-warranty repair.....:D |
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