GM will recall some 7 million cars worldwide that contain potentially dangerous airbag inflators.
David Shepardson reported for Reuters:
General Motors Co will recall 7 million vehicles worldwide with potentially dangerous Takata air bag inflators after a U.S. safety agency said Monday it had rejected the Detroit automaker’s petition to avoid the callback.
The recall is expected to cost the Detroit automaker $1.2 billion.
The Wall Street Journal’s Dave Sebastian wrote:
GM had asked the National Highway Traffic Safety Administration not to order a recall of the vehicles because the auto maker believed they were safe. The agency denied that request Monday, saying its research shows Takata inflaters installed in GM vehicles are prone to the deadly explosions reported in other auto makers’ cars.
CBS noted:
“The GM recall is a huge step in the right direction,” said Grace Brombach of U.S. PIRG Education Fund, a consumer advocacy group, in a statement. “Air bags exist to protect drivers, not to do more harm. Vehicle owners shouldn’t have to worry that their car’s air bag could be the thing that kills them during a minor fender bender or a more serious collision.”
Bloomberg Law has hired Olivia Alafriz to cover insurance litigation and regulation. She is on the corporate…
Bloomberg Law has hired Lauren Clason to cover health benefits. She has been a health care reporter…
New York Times business editor Ellen Pollock sent out the following: I’m excited to announce: Mohammed Hadi…
Hannah Dreier, an investigative reporter at The New York Times, won a Pulitzer Prize for investigative reporting…
The Washington Business Journal has hired Ben Peters to cover commercial real estate. He has been the…
Bloomberg Radio has a rare opportunity for a motivated, hardworking Producer to contribute to it's…