Takata air bag recall could cost VW up to $445 million: Welt am Sonntag

February 21, 2016 11:53 AM

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Takata air bag recall could cost VW up to $445 million: Welt am Sonntag

FRANKFURT Volkswagen AG (VOWG_p.DE) may have to set aside up to 400 million euros ($445 million) in provisions to cover a recall of vehicles in the United States equipped with Takata (7312.T) air bags, German weekly Welt am Sonntag reported, citing an insider.

Germany's three largest automakers said earlier this month they would recall 2.5 million vehicles in the United States equipped with the air bags, the latest in a long-running safety crisis involving the Japanese automotive supplier.

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