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Autoliv says seat belt, airbags may lead to 400,000 vehicle recalls

December 23, 2016

Automakers may recall as many as 400,000 vehicles that have Autoliv Inc. seat belt and airbag parts worldwide, the Swedish auto safety parts maker said on Friday.

Autoliv, which says its products are in 1,300 auto models around the world, did not specify which automakers would be affected.

No crashes or injuries have been reported in the two separate issues Autoliv reported to U.S. safety regulators and the costs of the potential recalls will not be material to Autoliv earnings, company spokesman Thomas Jonsson said.

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