Japan's Takata forecasts record annual loss on airbag recalls
Posted On: Aug. 8, 2014 12:00 AM CSTJapan-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.