Takata Gains After Report Clears Path for Talks on Recall Costs

  • Research group has given air-bag maker report on root cause
  • Recall costs estimated at about $12.7 billion by Jefferies

Takata Profit Drops 33% to $20.5M

Takata Corp. rose the most in more than a month after receiving a report from the German researcher it hired to investigate the root cause of its defective air bags, clearing the way for talks to begin with customers over splitting billions of dollars in recall costs.

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