The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

Troubled Japanese airbag maker Takata sees return to profit

Japan’s Takata Corp (7312.T) said it expects to post a return to profit this financial year, although the forecast only made a few provisions for potential costs relating to a massive global recall crisis surrounding its exploding air bags. Around 25 million cars have been recalled worldwide since 2008 over Takata air bag inflators that have erupted with too much force, spraying shrapnel inside the car.