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takyon [soylentnews.org] writes:

A Bloomberg report that cited an estimated $24 billion total cost for a global recall of as many as 287.5 million faulty airbag inflators has been denied by Takata Corporation [bbc.com]:

Takata Corp has denied it has calculated the cost of the global recall of its faulty airbags, after a report alleged it could be as much as 2.7 trillion yen ($24bn; £16.7bn). On Wednesday Bloomberg [bloomberg.com] reported the figure citing unnamed sources.

Takata has acknowledged some airbag inflators explode with too much force and spray metal shrapnel into the car. The fault has been linked to the loss of ten lives globally, according the US traffic safety authority. Takata's shares plunged 20% after the report which called it the "auto industry's biggest recall ever", but were in positive territory on Thursday. "We have not announced anything to the effect of the report, and it is untrue that we have calculated the estimated costs (of the recall)," the Tokyo-based company said in a statement.

Previously: Takata Airbag Defect Leads to Largest Automotive Recall in U.S. History [soylentnews.org]

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