U.S. Automotive Sector Plagued by Growing Airbag Recalls

SUGAR LAND--May 28, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The automotive sector has been riddled with recalls in recent years. Last year saw an unprecedented 74.2 million vehicles recalled, according to the National Highway Traffic Safety Administration. Already in 2015, there have been 25 million recalls, with airbag problems involved in a majority. This month, Japanese automakers Toyota Motor Corporation (NYSE:TM) (Aichi, Japan) and Nissan Motor Company Limited (NASDAQ:NSANY) (Yokohama, Japan) were the latest to announce vehicle recalls due to defective airbags.

Within this article: Update on airbag recalls within the automotive industry.

Additional companies: Honda Motor Company Limited (NYSE:HMC), Autoliv (NYSE:ALV)