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.
Shares of eBay Inc. (NASDAQ: EBAY) stayed red on Tuesday. The stock has gained 9% over the past three months. The ecommerce company is scheduled to report its earnings results
Retail giant Walmart Inc. (NYSE: WMT) on Tuesday reported higher adjusted earnings and revenue for the fourth quarter of 2024. The numbers also came in above the consensus estimates. Fourth-quarter
Home Depot (NYSE: HD) reported fourth quarter 2023 earnings results today. Sales were $34.8 billion, down 2.9% from the same quarter a year ago. Comparable sales decreased 3.5%. Net earnings were $2.8