Recalls Likely to Saddle Takata With Record Net Loss in Fiscal 2014

Newswire

TOKYO, Aug 7 (Reuters) - Auto parts maker Takata Corp said it expects a record net loss of 24 billion yen ($235 million) in the year to March 2015, hit by one of the biggest series of recalls in automotive history due to potentially explosive air bag inflators. The world's second-biggest automotive safety parts maker also on Thursday posted a 38.65 billion yen net loss for the April-June quarter, reversing a 4.22 billion yen net profit from the same period a year ago. A full-year loss ...

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