BREAKING
AutoZone (AZO) Q2 2026 earnings decline despite 8% sales growth 4 hours ago Earnings Summary: Zymeworks (ZYME) Q4 FY25 net loss widens 1 day ago Earnings Summary: A snapshot of Smith+Nephew’s (SNN) Q4 2025 report 1 day ago Earnings Summary: Norwegian Cruise Line (NCLH) Q4 FY25 revenue rises 6% 1 day ago Earnings Summary: Highlights of Calumet’s (CLMT) Q4 2025 earnings report 4 days ago Zoom Communications Q4 2025 Earnings Results 5 days ago Agilent Q1 Revenue Rises 7%, Net Income Declines 5 days ago Synopsys Q1 2026 Earnings Results 5 days ago Key highlights from J.M. Smucker’s (SJM) Q3 2026 earnings results 5 days ago Hormel Foods (HRL) Q1 2026 Earnings: Key financials and quarterly highlights 5 days ago AutoZone (AZO) Q2 2026 earnings decline despite 8% sales growth 4 hours ago Earnings Summary: Zymeworks (ZYME) Q4 FY25 net loss widens 1 day ago Earnings Summary: A snapshot of Smith+Nephew’s (SNN) Q4 2025 report 1 day ago Earnings Summary: Norwegian Cruise Line (NCLH) Q4 FY25 revenue rises 6% 1 day ago Earnings Summary: Highlights of Calumet’s (CLMT) Q4 2025 earnings report 4 days ago Zoom Communications Q4 2025 Earnings Results 5 days ago Agilent Q1 Revenue Rises 7%, Net Income Declines 5 days ago Synopsys Q1 2026 Earnings Results 5 days ago Key highlights from J.M. Smucker’s (SJM) Q3 2026 earnings results 5 days ago Hormel Foods (HRL) Q1 2026 Earnings: Key financials and quarterly highlights 5 days ago
ADVERTISEMENT
Market News

Exploding airbags: Australia orders recall on vehicles with Takata fittings

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 […]

February 28, 2018 2 min read
Market News

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 […]

· February 28, 2018

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.

ADVERTISEMENT

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.

ADVERTISEMENT

The scandal led to the end of Takata which eventually filed for bankruptcy last year.

ADVERTISEMENT