Takata settles - ClubLexus - Lexus Forum Discussion

Notices
Car Chat General discussion about Lexus, other auto manufacturers and automotive news.

Takata settles

Reply

 
 
 
Old 02-13-18, 05:49 AM
  #1  
Johnhav430
Lexus Champion
Thread Starter
 
Join Date: Sep 2016
Location: PA
Posts: 4,778
Thanked 159 Times in 149 Posts
Default 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/


Last edited by Johnhav430; 02-13-18 at 05:57 AM.
Johnhav430 is offline  
Reply With Quote
Old 02-13-18, 06:10 AM
  #2  
mmarshall
Lexus Fanatic
 
mmarshall's Avatar
 
Join Date: Oct 2003
Location: Virginia/D.C. suburbs
Posts: 69,548
Thanked 56 Times in 56 Posts
Default

Maybe, from now on, automakers will do more of their own work and development, instead of depending on sub-contractors.
mmarshall is offline  
Reply With Quote
Old 02-13-18, 06:12 AM
  #3  
mmarshall
Lexus Fanatic
 
mmarshall's Avatar
 
Join Date: Oct 2003
Location: Virginia/D.C. suburbs
Posts: 69,548
Thanked 56 Times in 56 Posts
Default

Originally Posted by Johnhav430 View Post
through no choice of my own, I am a member in the Takata class action.
Were you actually injured by a defective Takada product?
mmarshall is offline  
Reply With Quote
Old 02-13-18, 06:35 AM
  #4  
Johnhav430
Lexus Champion
Thread Starter
 
Join Date: Sep 2016
Location: PA
Posts: 4,778
Thanked 159 Times in 149 Posts
Default

Originally Posted by mmarshall View Post
Were you actually injured by a defective Takada product?
No, I would have to reread the paperwork (find it), but BMW, Honda, Toyota, Mazda, Subaru, forget which else, all had class actions against Takata. My understanding is that one day, a check will come in the mail, by default. One would have to opt out to not get the check (the idea is you don't agree and are not waiving any rights). From memory, BMW and Honda handled it the best, where they provided loaner cars for everyone affected. In BMWs case, this basically meant months to years--administratively speaking, I bet people got loaners that don't even own BMWs anymore (next time consult Amazon to get your process down pat), but that's their problem to solve. Honda, had deaths, however. To contrast, Mercedes Benz unequivocally stated, death and injury may result if you drive your affected vehicle, but to date, there has not been a single documented case of death, therefore, loaner cars are not warranted. I found that to be a bit harshly stated.

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.....
Johnhav430 is offline  
Reply With Quote
 
 
 


Thread Tools
Search this Thread
Quick Reply: Takata settles


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: