Toyota adds 5.8M vehicles to global Takata recall total

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Authorities say as many as 16 deaths worldwide have been linked to Takata. Seventeen automakers are recalling about 69 million inflators in the U.S. and 100 million worldwide.

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The latest recall covers four models with faulty driver air bag inflators: The Hilux pickup, and the Corolla, Etios and Yaris cars.

Models with defective passenger inflators include the Corolla, Corolla RunX, Corolla Axio, Corolla Fielder, Corolla EX, Belta, Ipsum/Picnic, Auris/Blade, Alphard/Vellfire, Vios, Noah/Voxy, Corolla Rumion, Etios, Probox/Succeed, Gaia, Brevis, Mark 2 and the Vitz/Yaris.

Takata has hired the advisory firm Lazard to engineer a restructuring of its finances, likely with the help of some of its biggest customers. An air bag analyst has estimated the cost of making and distributing replacement inflators could cost more than $20 billion.

Honda, Toyota and Fiat Chrysler are among the biggest customers for Takata inflators. Many automakers have said they will stop using Takata air bag inflators in models under development, and they will be billing Takata for the recall costs.

Analysts expect Takata to go through a bankruptcy restructuring to shed some recall costs, with investors taking control of the company and changing its management.

The Associated Press