Air-Bag Maker Pressed for Repairs to Update U.S. on Shortage
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The U.S. auto regulator pressing the air-bag maker at the center of a safety crisis will likely be told it will take well into next year to fix the devices in all cars.
Japan’s Takata Corp. today meets the National Highway Traffic Safety Administration for the first time since the agency demanded daily or weekly updates on its capacity to produce replacement parts for cars made by Honda Motor Co. and nine other automakers. The last update by Takata six weeks ago projected only one-third of the kits will be ready by February.