The Federal Government has recalled millions of cars due to the possibility of the Takata Corporation's airbags not functioning properly and the controversy has sparked worry among investors and consumers.
"In the long term we are seeing more sophisticated systems and higher installation in this regard, rather than replacing some others, due to recalls," said ZF Friedrichshafen CEO Stefan Sommer, according to Auto News.
"We would like to invest in technologies and win market share due to superior technology."
ZF Friedrichshafen, a car supplier company based in Germany, is set to purchase United States-based TRW Automotive Holdings for $13.5 billion. TRW Automotive Holdings is said to be in competition with the Takata Corporation.
On Tuesday, government officials asked automakers around the world to initiate the recall of vehicles with Takata Corporation-produced airbags. These airbags have been accused of containing propellant that can present danger to the car cabins through explosion and leakage.
"We now know that millions of vehicles must be recalled to address defective Takata air bags and our aggressive investigation is far from over," said National Highway Traffic Safety Administration Deputy Administrator David Friedman.
"We're pushing Takata and all affected manufacturers to issue the recall and to ensure the recalls capture the full scope of the problems."
The Takata Corporation has not announced specific plans to combat its company's discredited image.
