Takata expecting red ink from US air-bag recall fine

TOKYO (AP) — Takata Corp., the Japanese manufacturer at the center of massive air bag recalls, reported Friday that fines in the U.S. will push it into the red for the fiscal year through March.
Tokyo-based Takata said Friday that instead of posting a 20 billion yen ($176 million) annual profit, as it had earlier projected, it will sink into a 64 billion yen ($562 million) loss.
Last month, Takata agreed to plead guilty to a single U.S. criminal charge and pay $1 billion in fines and resti