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Takata faces 'Titanic hitting iceberg' moment as recalls widen

from Automotive News

Takata Corp. is struggling to get ahead of its airbag recall crisis, with the latest full-year financial forecasts failing to take into account the U.S. regulator ordering a near-doubling in number of devices to be replaced. The embattled Japanese supplier chalked up its latest forecast — for a $121 million annual loss for the year ended in March — to charges it’s booking for recall costs and settlements with consumers injured by its rupture-prone airbags. more

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