Takata's $24 Billion Worst-Case Scenario

The cost of a comprehensive recall of all Takata Corporation airbag inflators could sink the company.

A source at airbag manufacturer Takata told Bloomberg that a worst-case scenario — a recall of 287.5 million airbag inflators — would cost the company $24 billion dollars, far more than analysts previously estimated.

The cost would be the equivalent of four times the projected revenue Takata expects for the 2015-2016 fiscal year, or six times the total value of the company’s assets.

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TTAC News Round-up: Volkswagen Sees a Savior, Goodyear Dreams of Spheres, and Toyota Shakes It Up

An American man will soon enjoy the task of making people love his controversial company again.

That, Goodyear’s been watching I, Robot, Toyota shatters its corporate structure, sentiment grows for better braking, and the feds say the airbag recall has gone far enough … after the break!

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Dodge Recalls Jack-off Chargers

More than half a million 2011 through 2016 Dodge Chargers are being recalled because they can’t stay up.

Jack points on the Chargers may become deformed, causing the cars to slip off their jacks when owners are changing a flat.

Three minor injuries have been attributed to the issue, said Fiat Chrysler Automobiles. One minor headline joke can also be attributed to Dodge’s problem of keeping it up. There’s no word on whether Dodge will be asking sister-brand Fiat for blue pills to rectify the issue.

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Honda Orders Stop Sale of 2016 Civic, 2-liter Engine to Blame

CivicX is reporting that Honda has ordered a stop sale on all 2-liter four-cylinder-equipped 2016 Honda Civics. To blame: piston pin snap rings, which may be incorrectly installed or not installed at all.

This is the first recall of Honda’s tenth-generation Civic and includes 33,735 units in the United States and an additional 8,000 units in Canada. The recall has not yet been disclosed by the National Traffic Highway Safety Administration or Transport Canada.

According to an official Honda communication to dealers, the missing or incorrectly installed piston pin snap rings “may cause engine stall or failure.”

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Nissan Recalling 870,000 Altimas for Faulty Hood Latches, Again

Nissan announced Friday that it would recall about 870,000 Altimas for faulty hood latches, the third time the automaker has recalled the cars since 2014, according to Reuters.

The affected models are 2013-2015 Altimas, whose secondary hood latches could rust and be ineffective at keeping 20-some square feet of sheet metal from blocking your view of the road.

The automaker attempted to fix the issue in February 2015 and September 2014, but like any good owner of a General Motors 3800 engine will tell you, anything worth doing is worth doing over and over and over again.

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TTAC News Round-up: Let's Talk Carbon Emissions, Volkswagen's Bigger Headache, and Plug-in Porsches

FCA has to clean up its act in a hurry, or pay a lot more to sell cars in the future.

That, Europe wants Volkswagen to treat its owners the same as American owners, General Motors’ lawyers get down and dirty and Porsche’s plug-in 911 … after the break!

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TTAC News Round-up: Chevy Hot to Sell You a Sedan, Volvo's V90 Peek and Cheap Gas

“What do I gotta do to get you to drive out of here in a brand-new 2016 Chevrolet Malibu today?”

That, Ford and Google are moving to the country, Hyundai halts in China and Volvo’s wagon spied in some guy’s garage … after the break!

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Fiat Chrysler Recalling Nearly 500,000 SUVs for Recall Fix

Fiat Chrysler Automobiles announced this week that they would be recalling nearly 500,000 SUVs — including more than 350,000 in the U.S. — for a vanity mirror wire that could potentially overheat and increase risk for a fire.

The affected SUVs are model year 2011-2012 Jeep Grand Cherokees and Dodge Durangos made before Sept. 2, 2012. Those cars were the subject of an earlier recall that, if conducted improperly, could leave those cars more susceptible to a short circuit.

FCA said it was unaware of any injuries.

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Piston Slap: A Citation Against Conventional Wisdom?

“V” writes:

Hello Sajeev,

Conventional wisdom says wait until the second model year of a new vehicle since that’s when the automaker will have fixed the glaring flaws decried by the “beta testers” who bought the first model year. Is this always true?

Do automakers fix problems “on the sly” so that, say, a 2016 model year car manufactured in August 2015 could already incorporate some/all fixes slated for 2017 model year?

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California Air Resources Board Delays Review of Volkswagen's Diesel Fix

The California Air Resources Board told Volkswagen on Friday that it would take three more weeks to review the automaker’s proposed fix for its 2-liter diesel engines after the automaker added “significant” information to its plan, according to a letter sent by regulators.

The letter indicated that Volkswagen had submitted “additional significant information” to the board Dec. 14-16 regarding its proposed fixes for its illegally polluting cars and that the board would take until Jan. 14 to review that additional data. On Nov. 20, Volkswagen submitted its plan to CARB to fix more than 482,000 cars in the U.S., which could have been approved as early as Dec. 22.

It’s unclear from the letter what the additional information from Volkswagen may be. The automaker didn’t immediately comment on the letter.

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TTAC News Round-up: Takata Can't Silo, Porsche's New Production Boss, Suppliers Love Each Other

Who would have known that one of the largest parts supply recalls in U.S. history could poison the well for the rest of your business?

That, and Jeep needs you to keep it dry for a minute, Porsche pulls another player from Volkswagen’s bench and how big does Magna International’s yacht need to be anyway, after the jump.

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Report: Volkswagen Officially Recalls Dirty Diesels in Germany, Fixes Start January

Volkswagen will officially recall all of its illegally polluting diesel engines in Germany, German newspaper Die Welt reported Monday (via Reuters), the first step in a wave of recalls to fix 11 million cars worldwide.

Roughly 2.5 million cars in Germany will be recalled — 1.5 million Volkswagens, 500,000 Audi and 500,000 Skoda- and Seat-branded cars — with work beginning in January. Last week, t he German transportation authority approved Volkswagen’s fix for 1.6-liter cars, which included an “air calming” pipe ahead of the intake’s air sensor. The company’s 1.2- and 2-liter cars may only need software fixes.

Officials from the U.S. Environmental Protection Agency and the California Air Resources Board will review Volkswagen’s proposal submitted earlier this month for fixing 482,000 cars in the U.S. It’s unclear what those fixes may be. During congressional testimony in October, Volkswagen of America chief Michael Horn said it would be a combination of hardware and software fixes.

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Tesla Recalling Every Model S For Seat Belt Check

On Friday, Tesla announced a voluntary recall of every single damn Model S on the planet to check the front seatbelt installed on those cars. According to the automaker, one belt in a car that was sold in Europe wasn’t connected to an outboard lap pretensioner. The car was not involved in a crash, nor was anyone injured because of the defect.

According to Tesla, the automaker has inspected more than 3,000 Model S cars for similar faults and found none.

Regardless, the automaker said it would ask owners to bring in 90,000 Model S cars — literally, all of them — for inspection because having a seatbelt that doesn’t work is probably bad.

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Last Rides Premium Selects: Winded

With the holidays upon us, it seems fitting to share this cornucopia … from minivan hell.

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Honda Finding More Defective Airbags Via Facebook Advertising

Forbes reported that American Honda and Acura are effectively finding owners of potentially defective Takata airbags through social media and rolling billboards plastered on their trucks.

The automaker, who has been particularly aggressive in finding and recalling its cars with defective airbags, is pushing messages to potential owners in their Facebook feed. The automaker may be matching Vehicle Identification Numbers obtained from state agencies with names and locations in Facebook.

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  • NotMyCircusNotMyMonkeys so many people here fellating musks fat sack, or hodling the baggies for TSLA. which are you?
  • Kwik_Shift_Pro4X Canadians are able to win?
  • Doc423 More over-priced, unreliable garbage from Mini Cooper/BMW.
  • Tsarcasm Chevron Techron and Lubri-Moly Jectron are the only ones that have a lot of Polyether Amine (PEA) in them.
  • Tassos OK Corey. I went and saw the photos again. Besides the fins, one thing I did not like on one of the models (I bet it was the 59) was the windshield, which looked bent (although I would bet its designer thought it was so cool at the time). Besides the too loud fins. The 58 was better.