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Side curtain airbags now standard in new Volvo trucks
Globenewswire· 2025-09-25 13:45
Core Points - Volvo Trucks North America has made integrated side curtain airbags standard on new truck models for the North American market, marking another industry first for the company [1][2] - The side curtain airbags are designed to deploy during rollovers, which account for approximately half of all truck occupant fatalities, thereby enhancing safety for both drivers and passengers [2][3] - This initiative aligns with Volvo's long-standing commitment to safety, building on its history of innovations such as the three-point safety belt and high-strength steel cabs [3] Company Overview - Volvo Trucks North America is headquartered in Greensboro, North Carolina, and is recognized as a leading heavy-duty truck manufacturer in the region [4] - The company operates a network of nearly 400 authorized dealers across North America and has a manufacturing facility in Dublin, Virginia, which adheres to international quality and environmental standards [4] - In 2024, approximately 134,000 Volvo trucks were delivered globally, showcasing the company's extensive reach and commitment to providing complete transport solutions [5]
Stellantis Recalls 250K Vehicles in the US Due to an Airbag Defect
ZACKS· 2025-06-30 16:35
Group 1 - Stellantis N.V. is recalling 250,651 vehicles in the U.S. due to a defect in side curtain airbags that may not be properly sealed [1][2] - The recall affects specific 2022–2025 Pacifica and Voyager models, with dealers set to inspect and replace airbags at no cost to owners [2] - No reports of injuries or crashes related to the airbag issue have been received by Stellantis [2] Group 2 - In Q1 2025, Stellantis reported net revenues of €35.8 billion, a 14% decrease from Q1 2024, primarily due to reduced shipment volumes and an unfavorable product mix [3][8] - Consolidated shipments fell 9% to 1.22 million units, attributed to lower production in North America from extended holiday shutdowns and weaker demand in Europe [3] - Despite challenges in North America, Stellantis regained market share in Europe, reaching 17.3% after seven new product launches, marking a 190 basis point increase from Q4 2024 [4][8] Group 3 - The company has temporarily suspended its financial guidance due to changes in the tariff policy landscape affecting its 2025 outlook [4] - Stellantis currently holds a Zacks Rank of 3 (Hold), while other auto stocks like Strattec Security Corporation, Allison Transmission Holdings, and Ferrari N.V. have higher rankings [5]