Volvo Recalls 460,000 Cars After Air-Bag Rupture Fatality

(Bloomberg) -- Volvo Car AB is recalling more than 460,000 vehicles worldwide over risk an air-bag component that’s bedeviled automakers for years could rupture into metal fragments and strike drivers.

The Swedish carmaker told the U.S. National Highway Traffic Safety Administration it has identified potential for tablets of propellant in its vehicles’ air-bag inflators to decay if they’re subject to moisture and high temperatures. This can lead dust particles to form and cause the inflator to rupture.

In a safety recall report submitted to NHTSA, Volvo said it’s aware of one rupture incident related to the condition, which resulted in a fatality. A Volvo spokesperson said the company will call back cars globally in markets that meet certain climate criteria and declined to comment on the estimated cost.

The defect is similar to the issues affecting Takata Corp. air bag inflators that spurred the most complex and far-reaching auto-safety crisis in history. Roughly 100 million of the components have been recalled worldwide, and untold millions are still in cars on the road.

Volvo told NHTSA it received a letter in June 2019 from an attorney alleging an air-bag rupture in one of its cars. It’s been inspecting vehicles and meeting about the issue since August of that year with NHTSA and German parts maker ZF Friedrichshafen AG, which supplied the inflators. Autoliv Inc. supplied the complete air-bag assembly, according to the spokesperson.

The automaker is recalling two car models -- the S60 and S80 sedans -- that the company produced as early as May 2000 and as late as March 2009. Almost 260,000 vehicles are affected in the U.S.

Volvo is the only automaker with the specific kind of inflator cited in the recall that ZF supplied in the U.S., a representative for the parts maker’s local operations said. “There are no other OEMs who received an inflator using this particular propellant in the U.S.,” ZF spokesman Tony Sapienza said in an email.   

Volvo announced on Monday that it will look to raise at least 25 billion kronor ($2.9 billion) in Sweden’s biggest initial public offering in decades. The company expects to debut on the Nasdaq Stockholm before year-end.

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