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Will NHTSA Expand Recall of Vehicles with Takata Airbags?

U.S. regulators are considering the need as well as repercussions of adding seven more automakers to the list of companies requiring recalls for defective Takata airbags, per media reports. The concerned automakers are Tesla Motors, Inc. TSLA , Volkswagen AG VLKAY , Daimler AG's DDAIF Mercedes-Benz, Tata Motors Limited's TTM Jaguar Land Rover, Suzuki Motor Corp., Volvo Trucks and Spartan Motors Inc.

Per the reports, Takata recently informed the National Highway Traffic Safety Administration ("NHTSA") that it supplies airbags with ammonium nitrate propellant to these automakers. The propellant is touted to be one of the possible reasons for the malfunctioning airbags.

Hence, the regulatory body contacted these companies, seeking their response on the possible impact that a wider recall would have on them. The letters also aim to find out the number of vehicles of these automakers carrying Takata airbags with ammonium nitrate propellant.

Earlier, 11 automakers, including the likes of Honda Motor Co., Ltd. HMC , BMW, Toyota Motor Corp. TM and General Motors Co. GM , had announced recalls due to the malfunctioning airbag inflators.

The defective airbags can explode, shooting metal fragments and injuring passengers, in case of a car crash. There have been at least 8 fatalities and 100 injuries globally due to these faulty airbags. Around 4.4 million inflators have already been replaced in the U.S. However, some of these have only been repaired with the help of a temporary solution and may require a further replacement.

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HONDA MOTOR (HMC): Free Stock Analysis Report

TOYOTA MOTOR CP (TM): Free Stock Analysis Report

DAIMLER AG (DDAIF): Free Stock Analysis Report

GENERAL MOTORS (GM): Free Stock Analysis Report

TATA MOTORS-ADR (TTM): Free Stock Analysis Report

VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report

TESLA MOTORS (TSLA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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