Takata sees worst-case recall scenario costs of 2.7t yen

Airbag maker's shares plunge 20% in Tokyo trading, reducing company's market value to US$307m


TAKATA Corp, the supplier behind the car industry's biggest recall ever, has estimated that a comprehensive callback of its airbag inflators would total about 2.7 trillion yen (S$32.5 billion), according to a person familiar with the matter. The shares plunged to a record low on Thursday.

The worst-case recall scenario would involve 287.5 million airbag inflators, said the person, who asked not to be identified because the company's deliberations are private. Takata and the carmakers still have...

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