TOKYO Japan’s Takata Corp. said it was considering a drastic review of its inflator division and the sale of non-core businesses its first restructuring steps since becoming embroiled in a global recall crisis over potentially deadly airbags.
The announcement came as the auto parts maker booked its third annual loss in four years on an increase in recall costs. It forecast a return to profit this financial year but added that recall costs had not been factored in as the root cause of the defect has not been determined.
Its air bag inflators can inflate violently, releasing metal shrapnel into the vehicle and …
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