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

Tokyo

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 to determine how the costs are shared, the person said. A representative for Tokyo-based Takata declined to comment.