The Takata Recall: What’s at Stake for Automakers, Regulators and Consumers

The 2014 recalls by Japanese supplier Takata have had massive repercussions for automakers, suppliers, regulators, and consumers alike. In particular, PVMI Director John Paul MacDuffie suggests in Knowledge@Wharton that the episode marks an opportunity for policymakers to reevaluate the National Highway Traffic Safety Administration’s safety standards, regulations, and budget choices. Despite the series of recalls, however, MacDuffie notes that “in many ways, the quality of vehicles has been going up steadily” and much of the future effort will be directed towards improving the current technology, managing the global supply chain, and alleviating consumers’ concerns.

Read the full article here.

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