Troubled auto parts maker Takata reports third consecutive annual loss

Japan’s Takata Corp (7312.T) on Wednesday reported a full-year net loss of 79.6 billion yen ($699.04 million) – its third consecutive annual loss – as the embattled auto parts maker faces bankruptcy over costs related to the recall of its potentially deadly air bag inflators.

Sourced through Scoop.it from: uk.reuters.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s