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Visualized: 40 Years of U.S. Automobile Recalls

Visualized: 40 Years of Automobile Recalls in the U.S.

In early February 2023, Honda issued a “Do Not Drive” warning for around 8,200 older cars equipped with the infamous Takata airbags.

These faulty airbags, installed by 19 different automakers including BMW and Toyota from 2002 to 2015, can explode when deployed and have led to numerous tragic accidents. Their recall affected 67 million airbags (including Honda’s vehicles above) and has been known as the largest safety recall in U.S. history.

Tesla Recalls 11,000 Model X SUVs Because "Rear Seat May Not Lock Into Place"

Tesla Recalls 11,000 Model X SUVs Because "Rear Seat May Not Lock Into Place"

While Tesla may or may not be partially assembling its Model 3 by hand, resulting in massive production delays, a problem has emerged involving its fully automated SUV, the Model X, and as the AP reports, Tesla is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place.

According to the notice, Tesla is recalling vehicles with fold-flat second row seats made between Oct. 28, 2016, and Aug. 16, 2017. Tesla believes only about 3 percent of the recalled vehicles have the issue.

Kobe Steel Collapses 37% After Admitting Falsifying Data: "Could Destroy International Faith In Japanese Manufacturing"

Kobe Steel Collapses 37% After Admitting Falsifying Data: "Could Destroy International Faith In Japanese Manufacturing"

Japan's third-biggest steel producer is in trouble. After admitting falsifying data about the quality of aluminum and copper it sold, shares in Kobe Steel have collapsed 37%,  -20% limit down yesterday and another -17% at the open today following news that the falsification also involved iron powder product, in the biggest bloodbath the company has ever seen.

Bloomberg provides a quick Q&A:

Hurricane Harvey Likely To Destroy More Cars Than Katrina: "This Is Bad; Real Bad"

Hurricane Harvey Likely To Destroy More Cars Than Katrina: "This Is Bad; Real Bad"

Hurricane Harvey's historic flooding in Texas is set to wreak havoc on the auto industry and its insurers with analysts now predicting the storm could damage more vehicles than Hurricane Katrina.  In August 2005, Katrina wiped out some 500,000-600,000 vehicles but William Armstrong of CL King warns that Houston has about 5x more people than New Orleans did at the time.