In June 2014, the National Highway Traffic Safety Administration (NHTSA) initiated a Takata airbag recall affecting more than 3 million vehicles due to faulty airbags that could explode and shoot metal shrapnel at drivers and passengers.
In less than six months, the number of vehicles affected by the Takata airbag recall has grown to almost 11 million in the U.S. and 17 million vehicles worldwide, according to Business Insider.
A number of vehicle owners have filed a class action lawsuit against Takata Corporation claiming the faulty airbags devalued their vehicle. The potential for the airbag to explode and propel shards of metal at the driver is not an attractive quality when calculating the resale value.