Takata Puts Worst-Case Airbag Recall Costs at $24 Billion
- Inflator recall could total 287.5 million units, person says
- Cost figure exceeds Jefferies estimate by about $7 billion
Worst-Case Recall Could Cost Takata $24 Billion
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Takata Corp., the supplier behind the auto industry’s biggest recall ever, estimated a comprehensive callback of its airbag inflators would total about 2.7 trillion yen ($24 billion), according to a person familiar with the matter.
The worst-case recall scenario would involve 287.5 million airbag inflators, said the person, who asked not to be identified because the company’s deliberations are private. Takata and the automakers still have to determine how the costs are shared, the person said.