We had rapid technological progress in the 70's, 80's and even the 90's, so the recent trends are nothing new. Remember, back in the day, there was no turbo charging, fuel injection, multi link suspsension, seat belt pretensioners, crumple zones, airbags or ABS. Those were all available in the late 80's or early 90's. The difference with today is that back then, they would actually test things properly. These days, because cars are designed with such short lives, its not worth putting in the time to increase the quality and reliability of a car. It will barely affect sales, and you will make more money if you sell them a new car in 3 years time. The money car manufacturers pay out in recalls and repairs under warranty probably amount to less than if the cars were designed properly, again, especially considering their short lifespan.
So, its not technology that is the problem, it is the implementation of the technology that is the problem. It is possible to have advanced technology and also have reliability. However, it takes time and money, and the manufacturers have decided its not worth it.