Takata Corp. raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry’s history will expand further.
The auto parts supplier will book a combined 20.1 billion yen ($189 million) in charges, 16.6 billion of which was decided after reviewing airbag recall costs, according to a statement today. The remaining 3.5 billion yen is related to settlements with consumers injured by the devices.
