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Bankers weigh air bag fallout for Takada family

Published Tue, Nov 18, 2014 · 09:50 PM
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Tokyo

AS Takata Corp comes under scrutiny for air bag defects, bankers are weighing up the potential fallout for the Japanese family behind the 81-year-old company, and the third-generation CEO who controls it.

As one reference for what Takata may face, Toyota Motor paid at least US$2.6 billion over a US recall crisis four years ago linked to four deaths, all in one car. Defective Takata air bags have been linked to five deaths: four in the United States and one in Malaysia of a pregnant woman.

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