Federal regulators have given General Motors a temporary reprieve, allowing it time to prove that the Takata airbags used in 2.5 million vehicles, including the popular Chevrolet Silverado pickup, use a unique and safe design and thus don’t need to be recalled.
Ultimately, GM could be allowed to halt several other recalls involving Takata airbags, a move that could affect 6.8 million vehicles, in the process saving the automaker about $870 million, according to documents it filed with the U.S. Securities and Exchange Commission.
Faulty Takata airbags have so far been linked to at least 11 deaths in the U.S. and 16 worldwide. That has led to the recall of about 100 million vehicles globally, according to industry estimates, half of them in the United States. (more…)