Arab Today, arab today takata logs 120m annual loss in recall crisis
Last Updated : GMT 15:25:20
Arab Today, arab today
Arab Today, arab today

Takata logs $120m annual loss in recall crisis

Arab Today, arab today

Arab Today, arab today Takata logs $120m annual loss in recall crisis

US auto safety regulators last week ordered Takata
Tokyo - AFP

Scandal-stricken Takata said on Wednesday it logged an annual net loss of $120 million, as the company struggles with a massive recall crisis over exploding air bags tied to 13 deaths in the United States and Malaysia.

US auto safety regulators last week ordered Takata to recall between 35 million and 40 million airbags installed in US cars, in a push for the replacement of dangerously explosive inflators.

The decision came after the National Highway Traffic Safety Administration concluded that the inflators are prone to ruptures, adding to nearly 29 million Takata airbags already recalled in the US.

Some 50 million have been recalled globally.

In the business year to March, Takata said it reported a net loss of 13.08 billion yen ($120.3 million) after several forecast downgrades.
The company posted a special loss linked to the airbag recall problem, including a penalty levied in the United States, it said in a statement.

It had originally expected a net profit of 5 billion yen for fiscal 2015, while logging a net loss of 29.56 billion yen a year earlier.

The company, however, said it is forecasting net profit of 13 billion yen in the current fiscal year to March 2017, but did not initially offer an explanation for the optimistic expectation.

US investigators have tied accidents in which airbag inflators ruptured, sending shrapnel into car drivers and passengers, to the deterioration of the inflators' ammonium nitrate propellant under high humidity and fluctuating heat conditions.

More than 100 incidents and 10 deaths have been linked to the issue in the United States.

The latest was a 17-year-old Texas teenager who died from injuries sustained on March 31, after her 2002 Honda Civic collided with another car, activating a defective Takata airbag.

Surce: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today takata logs 120m annual loss in recall crisis Arab Today, arab today takata logs 120m annual loss in recall crisis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today takata logs 120m annual loss in recall crisis Arab Today, arab today takata logs 120m annual loss in recall crisis

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday