Over two million vehicles with airbag issues were ordered to be recalled by the Australian government.
The airbags, made by Japanese company Takata, have been linked to more than 20 deaths and over 200 injuries worldwide. Australia saw two tragic incidents last year in which a man was killed and a woman seriously injured.
This is one of the biggest product recalls seen to-date in Australia, even with many voluntary recalls preceding it.
About 2 million vehicles with Takata airbags are involved in the recall. Affected brands include Toyota, Volkswagen, Ford, and Mitsubishi.
The defect comes from high levels of moisture getting into the airbags leading to the explosion and scattering of shrapnel.
The affected vehicles include models made by leading automobile companies such as Toyota, Volkswagen, Ford, and Mitsubishi.
The manufacturers will pay for the replacements which are expected to be completed by the end of 2020.
About 2 million vehicles with Takata airbags are involved in the recall. Affected brands include Toyota, Volkswagen, Ford, and Mitsubishi
Takata’s defective airbags prompted extensive recalls across the world.
These included several million vehicles in the US, leading to a fine on the company on corporate criminal charges.
The scandal led to the end of Takata which eventually filed for bankruptcy last year.
Most Popular
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,