Takata Estimates Recall Costs For Defective Airbags Could Reach $24 Billion

Takata Corp., the supplier behind the auto industry's biggest recall ever, estimated that a comprehensive callback of its airbag inflators would cost about 2.7 trillion yen ($24 billion), a person familiar with the matter told Bloomberg.

The worst-case recall scenario would involve 287.5 million airbag inflators, said the person, who asked not to be identified because the company's deliberations are private. Takata and the automakers still have to determine how the costs are shared, the person said.