Takata Airbags Potentially The Biggest Automotive Recall In History
The National Highway Traffic Safety Administration recommends that owners of Toyota, Honda, and Nissan vehicles, as well as Ford, Chrysler, Subaru, and General Motors vehicles, should promptly respond to recall letters in order to replace Takata airbags. The Takata airbags, which were made in Tokyo, have caused 8 million crashes in the United States. Experts are concerned that the recall is the biggest in American history. Takata holds more than 30% of the global market.
Karl Brauer, the senior analyst with Kelley Blue Book, says that "the production logistics for replacing all those defective Airbags while continuing production demand for new-car Airbags will be challenging to say nothing of it."
Jack Nerad, executive director of Kelly Blue Book is concerned about the recall's high costs and logistical problems. This could hamper activity between car dealers and consumers as well as hinder innovation in the auto sector.
Takata stated that they take the issue "extremely serious" and will fully cooperate with the NHTSA as well as the vehicle manufacturers who are performing repairs.
Industry experts expect the recall to take many years and Takata will need to seek out help from its competitors to solve the problem fully.