Monday, 27 October 2014

Takata may take up to 3 billion yen charge for additional airbag recalls: sources

File photo shows logo of Takata Corp seen through a car window outside the company's headquarter building in Tokyo TOKYO (Reuters) - Takata Corp is considering booking a quarterly charge of 2-3 billion yen ($19-$28 million) to cover the cost of additional recalls of vehicles fitted with potentially defective airbags, two people familiar with the matter said. The additional charge - on top of 75 billion yen previously set aside for airbag recalls - would cover the projected cost of recent recalls announced by Nissan Motor , Honda Motor and Toyota Motor , said the people with knowledge of Takata's financial projections, who didn't want to be named as they are not authorized to speak for the company. ...




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