Takata is being slowly decimated by exploding airbag recall
Feb 5, 2015, 21:22 IST
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According to Bloomberg's Ma Jie and Masatsugu Horie:
Takata lost roughly four times as much money in 2014 as it did in 2013, due largely to the massive recall, which has impacted millions of autos sold over more than a decade.
However, as Jie and Horie note, Takata is still booking operating profits - up 9% in the company's most recent fiscal year - as demand for replacement airbag components rises in the US, an inevitable consequence of such as massive recall.