Takata sets aside 20.1b yen for air-bag recall costs

Tokyo

TAKATA Corp raised provisions for its air-bag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's history will expand further.

The auto parts supplier will book a combined 20.1 billion yen (S$255 million) in charges, 16.6 billion of which was decided after reviewing air bag recall costs, according to a statement on Monday.