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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
General Motors

Federal regulators are looking into even more airbag recalls

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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September 2, 2015, 2:05 PM ET
Takata Airbags Lead Toyota, Nissan To Recall 3 Million Cars
The airbag unit for the passenger seat of a Toyota Motor Corp. vehicle is seen at the company's showroom in Tokyo, Japan, on Thursday, April 11, 2013. Takata Corp. faces its biggest recall crisis in almost two decades after defective airbag inflators led Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. to call back more than 3 million vehicles. Photographer: Koichi Kamoshida/Bloomberg via Getty ImagesPhotograph by Koixhi Kamoshida — Bloomberg/Getty Images
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General Motors recently had an overseas recall regarding airbag defects, USA Today reports. The company was also involved in the massive Takata airbag recall earlier this year, the defects of which were responsible for six deaths in the United States. The National Highway Traffic Safety Administration is looking into this incident in addition to another one involving the 2015 Volkswagen Tiguan crossover.

NHTSA is also now aware of a Chevrolet Malibu recall in May that affected 334 vehicles that were to be sold in South Korea, Singapore, and the Middle East. When Takata conducted a routine lot test, it found that there was a flaw in the side airbag that caused it to eject shrapnel in the case of an inflator malfunction. Unlike the other recall, this one didn’t directly expose passengers to shrapnel.

This recent GM recall involves new vehicles, whereas only GM models involved in the Takata recall were older ones from 2003 through 2008.

NHTSA originally estimated that the Takata recall affected nearly 34 million cars, but it recently downgraded that number to 23.4 million.

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