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Takata Denies Airbag Recall Cost Could Reach $24 Billion
Takata Corp. has denied a Bloomberg News report yesterday that it believes the cost of recalling its explosion-prone airbag inflators could climb to 2.7 trillion yen ($24 billion).
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Takata Corp. has denied a Bloomberg News report yesterday that it believes the cost of recalling its explosion-prone airbag inflators could climb to 2.7 trillion yen ($24 billion).
The Japanese supplier insists it has not calculated the total cost of the recalls, largely because of continuing investigations into the cause of the misfires. Carmakers so far have recalled roughly 50 million Takata inflators. More than half the campaigns have occurred in the U.S., where some safety advocates are pushing for a significant increase in replacements.
Bloomberg’s report said Takata has nearly 288 million airbag inflators in service that could be recalled in a worst-case scenario.
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