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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Takata

Regulator demands nationwide recall of faulty airbags

By
Tom Huddleston Jr.
Tom Huddleston Jr.
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By
Tom Huddleston Jr.
Tom Huddleston Jr.
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November 18, 2014, 7:23 PM ET
Takata Airbags Lead Toyota, Nissan To Recall 3 Million Cars
The airbag unit for the passenger seat of a Toyota Motor Corp. vehicle is seen at the company's showroom in Tokyo, Japan, on Thursday, April 11, 2013. Takata Corp. faces its biggest recall crisis in almost two decades after defective airbag inflators led Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. to call back more than 3 million vehicles. Photographer: Koichi Kamoshida/Bloomberg via Getty ImagesPhotograph by Koixhi Kamoshida — Bloomberg/Getty Images
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The National Highway Traffic Safety Administration has demanded that automakers issue a nationwide recall of all vehicles with faulty driver’s side airbags made by Takata Corporation.

With its announcement, federal officials are calling for a significant expansion of the initial recall, which had applied only to cars in certain regions with high humidity. The wet climate was said to exacerbate the airbags’ defects.

But the agency said on Tuesday that a recent airbag failure outside the areas identified convinced it that it a broader course of action was needed.

“By demanding this national recall, NHTSA has demonstrated once again that it will follow data and evidence to protect the lives of Americans on the road and to hold manufacturers accountable,” U.S. Transportation Secretary Anthony Foxx said in a statement.

The earlier recall affected roughly 7.8 million vehicles in the U.S. made by Toyota, Honda, Mazda, BMW, Nissan, Mitsubishi, Subaru, Chrysler, Ford and General Motors. The latest recommendation by the NHTSA would add millions more vehicles to that tally.

The agency also called on the automakers, as well as Takata, to provide “a detailed report and produce all related documents” related to testing of the airbags in question. Earlier this month, former Takata employees told The New York Times that the company knew about the airbags’ defects for a decade but did nothing to fix the problem and even hid evidence from tests that showed the products to be faulty.

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By Tom Huddleston Jr.
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