Can I sue a car product company for product failures.?
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You can, but unless you sustained a severe injury that the airbags would have prevented, there is no reason to do so.
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Airbags are made to deploy based on speed, force, and type of impact. Airbags do not deploy in every automobile accident. Further, the question is whether or not you suffered serious injury as a result of the lack of deployment of the airbags. The cost of a product liability case is extensive, and without serious injury (paraplegia, quadriplegia, multiple broken bones, traumatic brain injury or the like), the cost outweighs to efficacy in proceeding with a legal proceeding against the manufacturer.