A report from ReportLinker showed that the global automotive airbag market is expected to grow to $71.8 billion by the year 2025. The firm said the growing market can be attributed to a number of factors, including technological advances in developing airbags, legislation mandating the installation of airbags in newer vehicles and “smart” airbags that come with sensors.
Ford recently announced that it is recalling more than 700,000 vehicles worldwide after it was found that the rearview cameras were not working properly. The company said that, at times, the cameras would either transmit images that would become distorted or go blank.
A group of Camaro owners has filed a class-action lawsuit against General Motors, claiming the auto manufacturer knew about defects in the starters and heat shields for 10 years, but did nothing about it. The lawsuit says the defect affects approximately 750,000 Camaros between the model years 2010 and 2020. The plaintiffs are demanding that GM announce a recall, fix the starters and reimburse the owners for repairs.