Takata, the manufacturer of the malfunctioning airbags that have forced four Japanese automakers to recall millions of vehicles globally, said it will book an annual extraordinary loss of JPY30bn (US$307m) to 31 March 2013 due to costs associated with the recall.
Japanese carmakers announced last week they were recalling 3.4m vehicles sold around the world because airbags supplied by Takata were at risk of catching fire or injuring passengers.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
