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Japan's Takata forecasts record annual loss on airbag recalls

August 8, 2014 - 6:00am


Japan-based auto-parts maker Takata Corp. is expecting a net loss of 24 billion Japanese yen ($235 million) due to the recall of millions of vehicles in 2014 over faulty air bags, Bloomberg reported.

Nissan Motor Co. Ltd. and Honda Motor Co. Ltd., which recalled around 3 million vehicles worldwide in July, are considering recouping their expenses from Takata. Honda executive vice president Tetsuo Iwamura said the automaker is evaluating whether to continue using Takata air bags.

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