STOCKHOLM (Reuters) -- Swedish auto safety gear maker Autoliv said today that it is ready to boost production capacity to meet increased demand as Japanese competitor Takata Corp. acknowledged its airbag inflators in nearly 34 million vehicles are defective, a move that could prompt one of the largest recalls for a safety defect in U.S. history.
"Exactly what this means for us is a bit early to say, but we are of course ready to increase our capacity and deliver to the industry as quickly as we can as we see an increased need," Autoliv spokesman Thomas Jonsson told Reuters.
The Swedish group said in January it targeted an additional production capacity of up to 25 million airbag inflators for delivery in 2015 and 2016 as a result of earlier Takata recalls.
In December last year, Autoliv said it would also supply replacement airbag inflators to Honda in the United States.
Jonsson said deliveries to Honda had begun in the second quarter and would increase gradually during the second half of the year and continue into 2016.