Toyota said it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus vehicles in the United States it had previously replaced. The Japanese carmaker's U.S. subsidiary said the recall is being announced a year ahead of the December 2019 timeline and would involve replacing Takata airbags that it previously recalled and replaced, with non-Takata airbags at no cost. Takata and its U.S. entity TK Holdings Inc filed for bankruptcy in June last year after recalling more than 100 million of its airbag inflators worldwide as they could inflate with too much force and spray metal fragments.
The recall announced earlier affects certain Toyota Corolla, Sequoia, Tundra and Lexus vehicles which were made between 2002 and 2005. Also, Toyota Kirloskar Motor (TKM) had earlier announced a top-level management change with its incumbent Managing Director Akito Tachibana being replaced by Masakazu Yoshimura.
Toyota Kirloskar Motor (TKM) had also announced that it will increase prices of its vehicles across models by up to 4 percent from January 1, 2019, to offset increased manufacturing costs due to rupee depreciation.