Takata estimates worst-case recall scenario to cost $24 billion

Per Bloomberg, the company estimates that a worst-case scenario, in which Takata must recall every airbag inflator (some 287 million parts), could cost as much as \\$24 billion dollars. That assumes that Takata eats the entire cost of the recall, which could also be split with automakers.

Naturally, this isn't great news for a company that doesn't have that much to spend -- Bloomberg notes that Takata's worst-case estimate is four times higher than its projected revenue for the fiscal year ending this month. As a result, shares of the company dropped 20 percent after the news broke. Automakers known for using Takata inflators, like Honda, also fell.

In that same Jefferies report from February, analysts estimated that Takata has spent upwards of \\$5 billion on recall-related expenses already. Takata did not immediately return a request for comment.