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.
Despite its promise to have all of its airbags fixed, Takata has yet to complete this task. In fact, 24% of those recalled airbags have yet to be repaired. That means nearly 12 million vehicles are on the road with defective airbags.
ABC News reported that General Motors (GM) is recalling over 217,000 vehicles after it was found that some of the cars were missing bolts from their start-stop mechanisms. This may result in transmission oil leaking from the mechanism and causing the car to either stop moving or catch on fire.
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.
WJLA-TV recently reported that over 12 million late-model car owners are driving around in vehicles that are carrying defective airbags that have been recalled but never repaired. Jerry Cox, an auto safety expert, said half of the cars “have airbags that are more likely than not to kill you” in the event of a crash.