Takata plunges 20% on 'worst case' airbag recall costs $24bn
Wall Street
Tokyo - Arab Today
Takata's shares plunged 20 percent in Tokyo Wednesday, after Bloomberg News said the embattled Japanese airbag supplier's recall-related costs could come in as high as $24 billion.
Citing a person familiar with the matter, Bloomberg said the company estimated the "worst case" scenario would involve the recall of 287.5 million airbag inflators at a cost of 2.7 trillion yen ($24 billion).
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