Holden NZ estimates $4M bill on voluntary recall of faulty airbags

Mon, 14 May 2018

By Paul McBeth May 14 (BusinessDesk) - Holden New Zealand anticipates a $4 million bill will accompany the voluntary recall of 24,000 vehicles with defective Takata airbags, which is separate to the government's compulsory order over the faulty safety devices last month. The local unit of General Motors Co's voluntary recall was in response to an Australian government order in February after the Australian Competition and Consumer Commission found a design defect in the Takata airbags, Holden NZ said in its 2017 annual report lodged with...

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