Takata Corp. raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry’s history will expand further.The auto parts supplier will book a combined 20.1 billion yen ($189 million) in charges, 16.6 billion of which was decided after reviewing airbag recall costs, according to a statement today. The remaining 3.5 billion yen is related to settlements with consumers injured by the devices.
Takata shares plunged by the most in a month, after the Nikkei newspaper reported that U.S. regulators plan to call for expanded recalls. The shares fell 9.2 percent to 373 yen at the close in Tokyo, dropping its market capitalization to about 31 billion yen.
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