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BMW to recall 360,000 China cars over Takata airbags by Staff Writers Shanghai (AFP) April 17, 2019 Germany's BMW will recall 360,000 vehicles in China as part of the worldwide effort to root out defective airbags made by now-defunct Japanese supplier Takata, regulators in Beijing said. Around 20 people have died in accidents linked to defects in Takata airbags since 2013, prompting a massive worldwide recall of at least 100 million cars from a wide range of manufacturers. The recall will affect nearly 273,000 models built by BMW's joint venture with Chinese manufacturer Brilliance Automotive and more than 87,000 imported BMW cars, China's State Administration for Market Regulation said. The agency said in statement posted on its website late Tuesday that a defect could cause the airbags to eject debris at passengers if deployed. It did not mention any specific incidents caused by the BMW-installed airbags. The China recall affects more than two dozen different BMW models built between 2000 and 2018, including several each in the i, X and M series, along with other models. The suspect parts will be replaced for free, the notice said. Founded in 1933, Takata went out of business in 2017 because of the airbag crisis. The BMW announcement came as global carmakers were gathered for the Shanghai Auto Show amid a rare sales slump in the world's largest vehicle market.
Uber steers toward blockbuster IPO as road looks rocky San Francisco (AFP) April 11, 2019 Uber could become a $100 billion company with a massive share offering that will be a bellwether for tech startups looking toward Wall Street. Media reports said the ride-hailing giant is seeking to raise some $10 billion in what would be the largest stock offering of the year. That could result in a valuation close to $100 billion - an impressive figure but below some earlier estimates amid an ebbing of enthusiasm on growth and profitability, the Wall Street Journal reported. The Journal s ... read more
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