Takata sees profit despite global recalls
- 6 August 2015
- Posted by: Simon Wait
- Category: News
Japanese car parts manufacturer Takata saw a 3 billion yen (£15.4m) net profit in the three months to June, compared with a 38.65bn yen loss a year earlier.
The company has been at the centre of a huge global recall over faulty airbags it supplied to numerous car companies.
The airbags have been linked to six deaths in the US. Despite the recalls, the company achieved higher sales in the US, India and South East Asia and maintains its profit forecast for the full year at 20bn yen.
Faulty Takata airbags has led to 34 million cars being recalled in the US, the biggest vehicle safety recall in US history.
Globally, the number of vehicles affected is thought to be more than 50 million.
Addressing the safety concerns, Takata told the BBC that the company had taken ‘broad actions that go well beyond the scope of the safety risk suggested by the current science and testing data, and will continue to do everything we can to ensure uncompromised safety for our customers and the success of the recall efforts.’