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Predictive Maintenance Can Make Vehicle Recalls a Thing of the Past
External url :
https://internetofthingsagenda.techtarget.com/blog/IoT-Agenda/Predictive-maintenance-can-make-vehicle-recalls-a-thing-of-the-past
Source Name :
IoT Agenda
Date :
Sep 10, 2018, 09:00 AM
With 64 million units having to be taken off the market, 2014 was one of the worst years for the automotive industry in terms of the number of vehicles recalled. The fact that in 2017 the number dropped to only 10 million was an improvement, but still not cause for celebrating. Just a few weeks back, in March 2018, Tesla recalled 123,000 Model S cars over faulty steering components. Shares of the company fell 4% right after the announcement. Vehicle recalls continue to make headlines, costing car manufacturers millions of dollars and great reputational damage. This is all despite the fact that the automotive sector is one of the industries where manufacturing processes are most stringent in terms of quality checks, regular maintenance and monitoring.
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