Recall? What Recall? Automakers Will Still Buy Takata's Air BagsBy
For a moment on Wednesday morning, investors in the Japanese company at the center of the latest recall rocking the global auto industry had a reprieve. Takata, the Tokyo-based air bag manufacturer, had taken a beating on Tuesday following news of recalls by Toyota, Honda, and other automakers. Because of the need to fix the potentially deadly air bags, the company had said it would need to take a charge of ¥45 billion ($421 million). On Tuesday, Toyota went so far as to warn people not to sit in the front passenger seats of some cars.
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