Takata logs second year of red ink, expects return to profit

May 11, 2016 8:31 AM

25 0

TOKYO – Takata Corp., the Japanese auto-parts maker behind a massive air-bag recall, is expecting a return to profit for the fiscal year through March 2017, although it just agreed to do more recalls.

Tokyo-based Takata reported a 13 billion yen ($120 million) loss Wednesday for the fiscal year ended March — the second straight year of red ink.

Also read: Cubs, Steve Cishek agree to 2-year deal

Read more

To category page