EU SAFETY REPORT HIGHLIGHTS PROBLEMS CAUSED BY RECALLS, BUT AUTO-MAKERS CAN MITIGATE EFFECTIVELY
March 15th, 2014
WHEN a company issues a motor vehicle recall, there are a number of short term and long term implications. The company must consider the costs of repairing the vehicles, any legal costs that might arise, and, of course, its reputation.But Paul Nieuwenhuis, co-director of the Centre for Automotive Industry Research at Cardiff Business School in the UK, said companies often decide to cut costs when manufacturing a vehicle, calculating that the costs associated with issuing a recall as a result would be worth it.“We have heard records of meetings taking place ...
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