According to Reuters, only 12.5 million inflators have been fixed, out of 70 million.
On the heels of today's earlier blog post about products liability, we have a Reuters report on airbag manufacturer Takata, which has been ordered as part of a settlement with the Justice Department to pay $1 billion for defects in its airbags.
According to Reuters, the defective airbags have caused around 16 fatalities. $125M of the settlement amount is set aside for victims, both present and future. The market, of course, responded favorably to the settlement by rewarding Takata with a roughly 16 percent rise in share price.