Connect with us

Business

GM recalling hundreds of vehicles over potentially exploding Takata air bag inflators on August 1, 2023 at 2:29 pm Business News | The Hill

Published

on

DETROIT (AP) — General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash.

The recall covers certain Chevrolet Camaro, Sonic and Volt vehicles as well as the Buick Verano, all from the 2013 model year. Some 2013 Chevrolet Trax versions in Canada also are included.

Advertisement

The company says in documents posted Tuesday by the U.S. National Highway Traffic Safety Administration that the driver’s front air bag inflator can explode in a crash due to a manufacturing defect.

The inflators are among a group made by Takata that is under investigation by the agency but has not previously been recalled.

Takata used volatile ammonium nitrate to create a small explosion to inflate air bags in a crash. But the chemical can deteriorate over time and explode with too much force, blowing apart a metal canister and spewing shrapnel.

At least 26 people have been killed in the U.S. by the inflators since May of 2009, and more than 30 have died worldwide including people in Malaysia and Australia. In addition, about 400 people have been injured.

Advertisement

Potential for the dangerous malfunction led to the largest series of auto recalls in U.S. history, with at least 67 million Takata inflators involved. The U.S. government says that millions have not been repaired. About 100 million inflators have been recalled worldwide. The exploding air bags sent Takata Corp. of Japan into bankruptcy.

The air bags in the General Motors recall have a moisture-absorbing chemical called a dessicant and were not part of previous recalls. GM says in documents posted by the government that the problem is limited to a specific lot of inflators made by Takata, and that other vehicles are not affected.

But Takata air bags with a dessicant are under investigation by NHTSA because they have the potential to explode and expel shrapnel. The investigation opened in 2021 covers more than 30 million inflators in over 200 models from 20 car and truck makers, including GM.


2.5M vehicles with ‘urgent recalls’ unrepaired in US

Advertisement

The agency decided in May of 2020 not to recall the inflators with the dessicant, but said it would monitor them.

“While no present safety risk has been identified, further work is needed to evaluate the future risk of non-recalled dessicated inflators,” the agency said in a document opening the probe.

GM says in documents that it was notified in March that an inflator exploded in a 2013 Camaro in Brazil in May of 2022. The company says an analysis of the inflator is still under way, but initial findings indicate the inflator rupture is related to a manufacturing defect and was not caused by deterioration of the ammonium nitrate.

Spokesman Bill Grotz said one person was injured in the Camaro in Brazil, but the company has no other reports of this type of inflator rupturing or hurting anyone else. “GM is taking this field action out of an abundance of caution and with the safety of our customers as our highest priority,” Grotz said. He said he couldn’t give details of the manufacturing defect.

Advertisement

Michael Brooks, executive director of the nonprofit Center for Auto Safety, said GM and NHTSA are leaving drivers to worry about what air bag inflators their vehicles have and whether they are safe to drive. “It’s kind of absurd that we’re left in the dark about what’s in our vehicles due to confidentiality provisions” granted to automakers, Brooks said.

NHTSA, he said, should play a larger role in reassuring consumers that this is a manufacturing defect and that their vehicles are safe. “There needs to be some sort of showing or some sort of demonstration that can make consumers feel confident that they’re not going to encounter the problem, and we’re not getting that,” he said.

A message was left Tuesday morning seeking comment from NHTSA.

​Transportation, Business General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash.  

Advertisement

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Saudi Arabia Says ‘Thank You, Next’ to the US Dollar

Published

on

Saudi Arabia is reportedly considering abandoning the US dollar for oil trade settlements, a move that could shake the foundations of the global financial system. For decades, the petrodollar system has propped up the dollar’s status as the world’s reserve currency, with Saudi Arabia insisting on dollar payments for its vast oil exports.

However, recent comments from Saudi officials hint at exploring alternatives to the dollar amid growing tensions with the US over various geopolitical issues and the rise of economic powerhouses like China.

Implications of a Petrodollar Shift

If Saudi Arabia abandons the petrodollar, the implications could be significant:

Advertisement

1. Dollar Dominance Eroded: The dollar’s reserve currency status could weaken, potentially leading to a decline in its value.
2. Global Financial Instability: A sudden shift could trigger volatility in global markets as investors adjust portfolios.
3. Geopolitical Realignment: The move could signal Saudi alignment with China and challenge US economic hegemony.

Challenges and Uncertainties

While the prospect is significant, challenges remain:

1. Finding a suitable alternative currency with the dollar’s liquidity and stability.
2. Potential economic disruption for Saudi Arabia and trading partners.
3. Political backlash and strained relations with the US and allies.

Advertisement

As the world watches, it remains uncertain whether Saudi Arabia’s comments signal a negotiating tactic or a profound shift in the global financial order.

 

Advertisement
Continue Reading

Business

Are Babies the New Luxury Item?

Published

on

The declining birth rate is a global phenomenon, but Gen Z’s approach to parenthood is particularly striking. This generation, born between 1997 and 2012, appears to be grappling with the decision to have children in unprecedented ways, raising concerns about a potential “extinction by choice.”

One of the primary factors influencing Gen Z’s hesitancy towards reproduction is the escalating cost of living and financial burdens associated with raising children. According to a Newsweek survey, 53% of Gen Zers aged 18-24 expressed that they would consider having children if the financial burden were lessened. The staggering costs of childcare, education, and basic necessities have made the prospect of parenthood daunting for many young adults.

Like previous generations, Gen Zers are delaying parenthood, with many prioritizing education, career development, and financial stability before starting families. The average age of first-time mothers has risen from 24.9 years in 2000 to 27.1 years in 2020, reflecting this trend. Additionally, changing societal norms and a focus on personal freedom have contributed to a shift in priorities, with some Gen Zers opting for a childfree lifestyle.

Registration Code: BolanleVIP

Gen Z’s heightened social awareness and concerns about global issues, such as climate change, political instability, and economic uncertainty, have also played a role in their decision-making process regarding parenthood. Many Gen Zers have expressed reservations about bringing children into an unstable world, further contributing to the declining birth rate.[2]

The lack of comprehensive family-friendly policies, such as affordable childcare, paid family leave, and workplace flexibility, has made it challenging for Gen Z mothers to balance work and family life. According to reports, Gen Z mothers are 2.5 times less likely than Millennial moms to have job flexibility and half as likely to have paid maternity leave.

While the declining birth rate among Gen Z is a complex issue with multiple contributing factors, addressing financial concerns, promoting work-life balance, and implementing family-friendly policies may help encourage sustainable population growth in the future. However, if the current trends persist, Gen Z’s hesitancy towards reproduction could have far-reaching implications for the future of societies and economies worldwide.

Advertisement

Stay Connected

If you want to create awesome branded experiences that truly captivate your audience, look no further than Bolanle Media. Our team of experts specializes in crafting immersive, unforgettable events that seamlessly blend creativity and strategy. From product launches to experiential marketing activations, we’ll ensure your brand makes a lasting impression. With our finger on the pulse of the latest trends and technologies, we’ll help you engage customers in innovative ways they’ll be buzzing about. Don’t settle for ordinary – let Bolanle Media elevate your brand with extraordinary experiences tailored to your unique vision. Click this link to learn more and take your marketing to new heights.

Continue Reading

Business

Trump: ‘Made in USA’ Bitcoin”

Published

on

In a bid to court the crypto industry and its supporters, former President Donald Trump has declared his desire for all remaining Bitcoin to be mined within the United States, positioning the cryptocurrency as a defense against a potential central bank digital currency.

Meta description: Former President Donald Trump doubles down on his pro-crypto stance, calling for all remaining Bitcoin mining to occur in the US as he seeks to woo the industry’s voters ahead of the 2024 election.

Donald Trump, the presumptive 2024 Republican nominee, took his embrace of the cryptocurrency industry a step further on Wednesday, stating on Truth Social: “WE WANT ALL THE REMAINING BITCOIN TO BE MADE IN THE USA!!!!” He framed Bitcoin mining as a means for the US to achieve “energy dominance” and a “last line of defense” against a central bank digital currency (CBDC) from the Federal Reserve.

Advertisement

Trump’s latest pro-crypto remarks come after he hosted a meeting with several Bitcoin mining executives at his Mar-a-Lago resort, including representatives from Riot Platforms, CleanSpark, and TeraWulf. The attendees discussed how Bitcoin mining could strengthen the electrical grid and create jobs, with Trump reportedly promising to support the sector if elected.

The former president’s stance marks a stark contrast with President Joe Biden’s administration, which has proposed a 30% electricity tax on Bitcoin miners and faced mounting pressure over the industry’s emissions and energy consumption. Trump has accused Biden of having a “hatred of Bitcoin” and suggested embracing crypto could benefit the US against its adversaries, though the rationale behind these claims remains unclear.

While Trump previously dismissed cryptocurrencies as a “scam,” he has since reversed course, accepting crypto campaign donations, selling digital trading cards, and revealing millions in digital assets. His latest remarks solidify his pro-crypto positioning as he seeks to attract the growing base of cryptocurrency supporters, estimated at over 50 million Americans.

Stay Connected

If you want to create awesome branded experiences that truly captivate your audience, look no further than Bolanle Media. Our team of experts specializes in crafting immersive, unforgettable events that seamlessly blend creativity and strategy. From product launches to experiential marketing activations, we’ll ensure your brand makes a lasting impression. With our finger on the pulse of the latest trends and technologies, we’ll help you engage customers in innovative ways they’ll be buzzing about. Don’t settle for ordinary – let Bolanle Media elevate your brand with extraordinary experiences tailored to your unique vision. Click this link to learn more and take your marketing to new heights.

Advertisement
Continue Reading

Trending

0
    0
    Your Cart
    Your cart is emptyReturn to Shop