Takata Corp, whose potentially defective air bags have been linked to four deaths in the United States, warned of a bigger full-year loss and skipped its dividend - the first time it did not offer a payout since it listed in 2006. The Japanese automotive safety equipment maker has been beset by chronic problems with defective inflators in its air bags, which can explode with excessive force and spray metal shards inside the vehicle. The air bags, used by many leading car makers, are the focus of an U.S. Before a packed briefing room at the Tokyo Stock Exchange, Yoichiro Nomura, executive vice president and chief financial officer, bowed in apology to customers affected by the recalls.
via Business News http://ift.tt/10r0Z08
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