Does The Auto Industry Need Takata To Stay In Business?

February 15, 2016 / 5:00 am

The Japan Credit Rating Agency downgraded its credit assessment for Takata Corp. from BBB+ to BBB- on Wednesday the fourth of November. The news caused the company’s stock to fall 13 percent and raised concerns from experts wondering if Takata’s business could implode on itself. They worry that the auto industry might be dependent upon the embattled company, which could lead to repercussions if the auto parts maker collapses.

Does The Auto Industry Need Takata To Stay In Business?

Half of the cars that Honda produced last year had a Takata airbag equipped in them—2.25 million vehicles. Half of those cars had Takata airbag inflators installed—1.125 million vehicles. Honda says that by the end of 2016, it can strip Takata inflators from all of its new models, but they are waiting on the results of investigations by the National Highway Traffic Safety Administration (NHTSA).

What Is The NHTSA Looking For?

NHTSA is already fining Takata $70 million and ordering the company to change the chemical propellant in their airbag inflators, or else it will face another $200 million in fines. NHTSA suspects that the ammonium nitrate based propellant Takata uses is responsible for the eight deaths and several injuries caused by shrapnel from exploding airbags. However, the facts are still sketchy at the moment.

How Is The Automotive Industry Responding?

For now, Takata’s biggest customer is ready to stop buying the company’s products—Honda represents 38 percent of Takata’s business—and the company is facing millions in fines. One expert, Koji Endo, tells the Wall Street Journal: “Everyone would be troubled if Takata disappears immediately; no one would be troubled if it disappears after 10 years.” A fact that NHTSA is aware of since it is stretching payment of the fine from 2016 to 2020.

The injury attorneys at Colson Hicks Eidson will continue to monitor the situation, so check our blog for the latest updates.

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The lawyers at Colson Hicks Eidson are dedicated to delivering outstanding results for our clients. We are honored that Lawdragon recognizes this commitment and are pleased to announce that seven of our partners have been named to the 2026 Lawdragon 500 Leading Litigators in America guide. Congratulations to Stephanie A. Casey, Dean C. Colson, Lewis S. “Mike” Eidson, Joseph J. Kalbac, Jr., Julie Braman Kane, Roberto Martinez, and Curtis Miner.

This guide is based on a record number of submissions, combined with journalistic research and vetting with the nation’s leading trial lawyers.

Click here to read the full guide.

About Colson Hicks Eidson

Colson Hicks Eidson is a renowned law firm based in Miami, Florida, that is recognized as one of the top trial firms in the United States. Built on a foundation of over 50 years of dedication forging strong client relationships, Colson Hicks Eidson handles local, national, and international litigation, with cases spanning from Miami, Florida, and throughout the United States, to matters in the Caribbean, Central America, South America, and Europe. Learn more at: www.colson.com.

Colson Hicks Eidson is proud to share that ten of its attorneys—more than half of the firm—have been recognized in the 2026 edition of The Best Lawyers in America®. 

Stephanie A. Casey, Dean C. Colson, Lewis S. “Mike” Eidson, Joseph J. Kalbac, Jr., Julie Braman Kane, Roberto Martinez, and Curtis Miner are listed in The Best Lawyers in America®. Eleni I. Constant, Zachary A. Lipshultz, and Sabrina S. Saieh are recognized in Best Lawyers: Ones to Watch.

Best Lawyers’ lists of outstanding lawyers are developed through peer review surveys where tens of thousands of lawyers evaluate their professional peers. Best Lawyers recognized attorneys in all of the firm’s core practice areas. 

Stephanie A. Casey

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Mass Tort Litigation / Class Actions – Plaintiffs

Dean C. Colson

Bet-the-Company Litigation

Commercial Litigation

Personal Injury Litigation – Plaintiffs

Product Liability Litigation – Plaintiffs

Professional Malpractice Law – Defendants

Professional Malpractice Law – Plaintiffs

Lewis S. “Mike” Eidson

Mass Tort Litigation / Class Actions – Plaintiffs

Product Liability Litigation – Plaintiffs

Joseph J. Kalbac, Jr. 

Commercial Litigation

Insurance Law

Mass Tort Litigation / Class Actions – Plaintiffs

Personal Injury Litigation – Plaintiffs

Product Liability Litigation – Plaintiffs

Julie Braman Kane – “Lawyer of the Year”

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Roberto Martinez

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Commercial Litigation

Criminal Defense: White-Collar

Curtis Miner

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Mass Tort Litigation / Class Actions – Plaintiffs

Personal Injury Litigation –  Plaintiffs

Eleni I. Constant

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Zachary A. Lipshultz

Commercial Litigation

Mass Tort Litigation/ Class Actions – Plaintiffs

Personal Injury Litigation – Plaintiffs

Sabrina S. Saieh

Mass Tort Litigation/ Class Actions – Plaintiffs

Personal Injury – Plaintiffs

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About Colson Hicks Eidson

Colson Hicks Eidson is a renowned law firm based in Miami, Florida, that is recognized as one of the top trial firms in the United States. Built on a foundation of over 50 years of dedication forging strong client relationships, Colson Hicks Eidson handles local, national, and international litigation, with cases spanning from Miami, Florida, and throughout the United States, to matters in the Caribbean, Central America, South America, and Europe. Learn more at: www.colson.com.

Colson Hicks Eidson is proud to celebrate two of our attorneys for receiving prestigious awards at the 2025 American Association for Justice Annual Convention in San Francisco.

President and Senior Partner Lewis S. “Mike” Eidson was awarded the Leonard M. Ring Champion of Justice Award, which recognizes outstanding integrity and overall character demonstrating Leonard M. Ring’s devotion to human and civil rights. Mike is a past AAJ president and long-respected national trial lawyer. He has spent his career advancing justice, defending the right to trial by jury, and shaping the future of the profession through his leadership and unwavering commitment to mentorship.

Partner Julie Braman Kane, also a past AAJ President, delivered powerful remarks on Mike’s behalf, celebrating his legacy and the profound impact he’s made on the legal community and beyond. Julie has spent her entire career at Colson Hicks Eidson, a testament to the inspiration Mike has provided to generations of trial lawyers. 

Partner Curtis Miner was also awarded with the Steven J. Sharp Public Service Award, which recognizes plaintiffs and the attorneys of plaintiffs whose cases help tell the story of the American civil justice system. Curt was recognized for his role as one of the court-appointed leaders in the Champlain Towers Condominium Collapse litigation, where he worked alongside a dedicated team of lawyers to change laws to make condominiums safer and helped secure $1.2 billion in settlements for the families and victims.

About Colson Hicks Eidson

Colson Hicks Eidson is a renowned law firm based in Miami, Florida, that is recognized as one of the top trial firms in the United States. Built on a foundation of over 50 years of dedication forging strong client relationships, Colson Hicks Eidson handles local, national, and international litigation, with cases spanning from Miami, Florida, and throughout the United States, to matters in the Caribbean, Central America, South America, and Europe. Learn more at: www.colson.com.

The lawyers at Colson Hicks Eidson are committed to teamwork, professional development, and mentoring our younger lawyers. We are proud to announce that four of our attorneys have been named to the 2025 Lawdragon 500 X – The Next Generation guide. Congratulations to Eleni I. Constant, Aziza F. Elayan, Zachary A. Lipshultz, and Sabrina S. Saieh.

Lawdragon selects lawyers for this guide through independent research, submissions, and peer review, recognizing those who have demonstrated consistent excellence and significant impact, typically within 15 years of graduating law school.

Click here to read the full guide.

About Colson Hicks Eidson

Colson Hicks Eidson is a renowned law firm based in Miami, Florida, that is recognized as one of the top trial firms in the United States. Built on a foundation of over 50 years of dedication forging strong client relationships, Colson Hicks Eidson handles local, national, and international litigation, with cases spanning from Miami, Florida, and throughout the United States, to matters in the Caribbean, Central America, South America, and Europe. Learn more at: www.colson.com.

Colson Hicks Eidson is proud to share that attorneys Zachary A. Lipshultz and Sabrina S. Saieh have been named to the 2025 Florida Super Lawyers Rising Stars list.

Zach’s practice spans all aspects of civil litigation in state, federal, and arbitral forums, at both the trial and appellate levels. He played a key role on the team that recently secured a $3 million damages award for a family of four who suffered significant trauma when a defective lithium-ion battery-powered scooter caused a catastrophic fire that destroyed their home.

Sabrina focuses on product liability, commercial litigation, personal injury, class actions, and multidistrict litigation. She has represented clients in complex matters in federal and state courts, including cases involving defective products, dangerous drugs, catastrophic injuries, and mass torts. She was integral to the Takata Airbag Products Liability MDL—a high-profile class action tied to the largest automotive recall in U.S. history, resulting in settlements exceeding $1 billion.

Rising Stars recognizes top young attorneys who are 40 or under or have been in practice for 10 years or less. Only 2.5% of Florida lawyers earn this honor each year, following the same rigorous selection process used for Super Lawyers.

About Colson Hicks Eidson

Colson Hicks Eidson is a renowned law firm based in Miami, Florida, that is recognized as one of the top trial firms in the United States. Built on a foundation of over 50 years of dedication forging strong client relationships, Colson Hicks Eidson handles local, national, and international litigation, with cases spanning from Miami, Florida, and throughout the United States, to matters in the Caribbean, Central America, South America, and Europe. Learn more at: www.colson.com.

Colson Hicks Eidson is thrilled to announce that seven of its attorneys have been named in the 2025 edition of Florida Super Lawyers. Stephanie Casey, Dean Colson, Joseph J. Kalbac Jr., Julie Braman Kane, and Curtis Miner have been named Super Lawyers. Zachary A. Lipshultz and Sabrina S. Saieh have been recognized as Rising Stars.

Super Lawyers uses a rigorous screening process including independent research, peer nominations, and evaluations to rate lawyers. Only 5 percent of lawyers in Florida are rated by Super Lawyers, and no more than 2.5 percent of lawyers under 40 or with fewer than 10 years of practice are selected as Rising Stars.

About Colson Hicks Eidson

Colson Hicks Eidson is a renowned law firm based in Miami, Florida, that is recognized as one of the top trial firms in the United States. Built on a foundation of over 50 years of dedication forging strong client relationships, Colson Hicks Eidson handles local, national, and international litigation, with cases spanning from Miami, Florida, and throughout the United States, to matters in the Caribbean, Central America, South America, and Europe. Learn more at: www.colson.com.