Toyota May Tap Three Takata Competitors to Boost Air Bag SupplyMasatsugu Horie and Craig Trudell
Toyota Motor Corp., recalling about 12 million vehicles worldwide to replace Takata Corp. air bags, said it may tap three additional suppliers to boost supply of the components.
The automaker is considering using inflators from Autoliv Inc., Daicel Corp. and Nippon Kayaku Co. for replacement air bags, spokeswoman Kayo Doi said by phone. Toyota may use the additional components to supplement supply of inflators from Takata and speed up repairs, she said.
Automakers are reducing their reliance on Takata as the industry struggles to find the root cause behind a record vehicle-safety recall. Toyota told U.S. regulators last month that it expected suppliers other than Takata to provide about 23 percent of the replacement inflators needed to fix about 2.9 million vehicles the company is recalling in the country.
Toyota also told regulators it’s supporting the increased cost of replacement parts production, including to help add capacity.
The Japanese carmaker last month asked Nippon Kayaku to increase production in order to supply 13 million inflators to the company from July next year through 2020, Reuters reported Friday, citing people familiar with the matter.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Two Words That Will Help Get an Airline Upgrade Over the Phone
- Apple Plans Upgrades to Popular AirPods Headphones
- U.S. Stocks Rebound, Dollar Stumbles With Yields: Markets Wrap
- Los Angeles Cracks Down on Out-of-Control Hollywood Party Houses
- Jeremy Grantham Wants His Kids to Get Into Emerging Markets