Takata Shares Clown Raped on $24 Billion Recall Expense

What the fuck? In what will go down as the largest recall in automobile history, defective airbags that fuck people into windshields, the Japanese supplier, Takata, said they will incur an outrageous $24 billion write down–worst case scenario of course.

Shares plunged in Japan overnight.

They might need to recall a comical 287 million airbags. Good luck doing the paperwork for all of that.

“Even if this is the worst-case simulation, it shows the company has seen some possibility,” Ken Miyao, an analyst with Tokyo-based market researcher Carnorama, said by phone. “The question is how much the carmakers want to split the costs. But even if Takata only bears half of the cost, this would still be beyond their scope.”

This new estimate of loss exceeds the previous one put forward by Jefferies by $7 billion.