Takata Corp. says a compensation fund for people hurt by exploding air bags isn't needed at this time.
The Japanese company responded this week to a call from Sen. Richard Blumenthal (D-Conn.) to commit to a fund similar to one set up by General Motors Co. for victims of crashes caused by faulty small-car ignition switches.
In a letter dated July 7, Takata Executive Vice President Kevin Kennedy wrote that Takata senior management considered a fund and will continue to evaluate it.
"At the present time, given the limited number of claims filed and the [federal court] procedures in place that permit efficient coordination of related claims, Takata believes that a national compensation fund is not currently required," Kennedy wrote.
Blumenthal, in a statement issued Friday, said he was disappointed by Takata's answer in part because the number of deaths and injuries is almost certain to rise, and he will press Takata to reconsider. "Takata is apparently unwilling to acknowledge its responsibility for these tragic deaths and injuries, or do justice for victims and their loved ones," Blumenthal said.
At least eight people have been killed and more than 100 injured by air bag inflators that can explode with too much force, blowing apart a metal canister and spewing shrapnel into drivers and passengers.
Takata said Friday that it is committed to treating people fairly if they are injured by air bag inflators.