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Volvo Recalling Over 400,000 Vehicles Due to Faulty Airbags

Volvo recalls 460,769 older model cars, and more than half were sold in the U.S.

Volvo is recalling 460,769 older model cars worldwide due to faulty airbags that can explode and send shrapnel into the cabin.

More than half of the vehicles were sold in the U.S.

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The company is aware of one rupture incident that resulted in a fatality due to the problem, according to documents filed with the National Highway Traffic Safety Administration.

The recall is in addition to one from November 2020, which was done after an unidentified U.S. driver was killed, the Associated Press reported.

The vehicles are older-model Volvos which were produced between May 2000 and March 2009. They include the 2001-2006 S80 and 2001-2009 S60.

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The problem occurs over time if the airbag inflator propellant tablets are subjected to elevated moisture levels and frequent high inflator temperatures, the company said.

The tablets can start to decay and form dust particles, which increases the pressure and “burn rate” of the devices. Those factors could cause the inflator to rupture and spray metal fragments at occupants.

Volvo said that in “the event of a crash where the driver airbag is activated, fragments of the inflator inside the air bag may, in certain cases, project out and in worst case strike you, potentially resulting in serious injury or death,”.

Dealers will replace inflators with new ones. Owners will get letters starting Nov. 29.

Separately, Volvo is seeking to raise $2.9 billion through an initial public offering which will be one of the biggest in Europe this year.

CEO Hakan Samuelsson told CNBC that the automaker’s shift to electric vehicles is the reason behind its planned listing on the Nasdaq Stockholm stock exchange.

Samuelsson explained that the shift to electric vehicles was “not free of charge."