Takata has sufficient funds to deal with global recall: report

Tokyo

AIR bag maker Takata Corp has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper.

Takata CEO Shigehisa Takada, the grandson of the company founder, said that it was analysing collected inflators to determine the cause of defects with its air bags, which can explode with excessive force and spray shrapnel into cars.