Australian regulator investigating Takata airbag recall
[BENGALURU] Australia's consumer watchdog said on Monday it is investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.
Police said the death of the Australian man earlier this month may be the 18th death related to faulty airbags by the Japanese auto parts maker.
More than 2.3 million vehicles in Australia have been targeted in a recall since 2009, the Australian Competition and Consumer Commission (ACCC) said.
Takata filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for US$1.6 billion by the Chinese-owned US-based Key Safety Systems, last month.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources