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Major vehicle recall in SL over faulty airbags

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Three leading local car dealers have decided to recall a large number of vehicles over faulty airbags and for upgrades.

The Commissioner General of the Department of Motor Traffic Nishantha Anurudhdha Weerasinghe told News 1st that discussions are underway with all other dealers to rectify the faulty airbag issue.

Millions of vehicles ranging from a variety of makes and models across the world are being recalled due to faulty airbags made by a Japanese auto parts maker.

The Commissioner General of the Department of Motor Traffic Nishantha Anurudhdha Weerasinghe told News 1st that vehicles that fall under the recall category are currently in use in Sri Lanka.

He said that a special meeting will take place on Tuesday (14) with local car dealers to address the issue.

It has now been confirmed that vehicles with defective airbags that can increase the risk of injury, fail to protect occupants, or cause a driver to crash have been sold across the world, and these include Sedans and SUBs.

Although vehicles belonging to the relevant make and models have been recalled overseas to rectify the issue, in Sri Lanka, those vehicles continue to operate in the streets.

The Commissioner General of the Department of Motor Traffic Nishantha Anurudhdha Weerasinghe said that local vehicle importers have decided to recall 47 vehicle models with faulty airbags to rectify the issue.

These include the following:

  • Honda: 33 Models from 9 vehicle types
  • Mitsubishi: 8 Models from 3 vehicle types
  • Toyota: 6 Models

However, across the world, over 100 vehicle models have been recalled to rectify the airbag issue, and they include the following:

  • Mazda: 7 vehicle categories
  • Benz: 10 vehicle categories
  • Mitsubishi: 6 vehicle categories
  • Subaru: 5 vehicle categories
  • Toyota: 13 vehicle categories
  • Volkswagen: 7 vehicle categories
  • Audi: 19 vehicle categories
  • Lexus: 7 vehicle categories
  • Honda: 16 vehicle categories

In addition, vehicles belonging to 7 Honda categories have been classified as high risk.

(newsfirst.lk)

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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Apple is the world’s first $1 trillion brand: Kantar

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Kantar BrandZ’s Top 10 Most Valuable Global Brands 2024 has named Apple as the world’s first trillion-dollar brand, holding onto pole position for the third consecutive year. 

Google, Microsoft, and Amazon join Apple atop the rankings, with McDonald’s rounding up the top 5.

Demonstrating how effective AI has become for driving brand value, NVIDIA has lept 18 places to crack the top 10 for the first time, holding sixth position with a 178% year-on-year brand value increase. 

Facebook rejoined the Top 10 after a one-year absence, while Oracle joined the Top 10 for the first time. 

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Govt. to privatise SriLankan as part of IMF programme – CEO

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The government, as part of the International Monetary Fund (IMF) program, is looking to privatise several state-owned enterprises and one of those is the flag carrier of the island nation, said SriLankan Airline CEO Richard Nuttall.

Nuttal added that the airline is also looking for an investor. Three candidates have been finalised in April and the government is in talks with them.

Nutall said that no Indian company had shown interest in investing in the airline.

The airline hopes to grow its current fleet of 21 to 22 next month, with plans to obtain another three aircraft within the next three months.

Source: ANI

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