U.S. Agency Makes Initial Decision That 52M Air Bag Inflators Produced By ARC Automotive, Delphi Are Unsafe And Need To Be Recalled
Portfolio Pulse from Happy Mohamed
The U.S. agency has made an initial decision that 52 million air bag inflators produced by Arc Automotive and Delphi are unsafe and need to be recalled, according to Reuters. BorgWarner (BWA) may be indirectly involved as it acquired Delphi in 2020.
September 05, 2023 | 5:11 pm
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BorgWarner, which acquired Delphi in 2020, may be indirectly affected by the recall of 52 million air bag inflators deemed unsafe by a U.S. agency.
The recall of a significant number of products can lead to substantial costs and damage to the company's reputation, which can negatively affect the stock price. Since BorgWarner acquired Delphi, it may have to bear the brunt of the recall.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75