Wednesday 30 March 2016

Takata plunges on report airbag-related recall costs may be $24b

Japan's Takata Corp could face about $24 billion in costs to recall its airbag inflators in a worst case scenario, Bloomberg news reported, sending its shares tumbling about 20 percent.

Representatives for Takata were not immediately available for comment.

A worst-case recall scenario would involve 287.5 million airbag inflators, Bloomberg quoted a person familiar with matter as saying.

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