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Product recalls are costing companies and insurers billions, and the numbers are expected to increase.

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Findings of pervasive data manipulation and misrepresentations to carmakers by Takata has been uncovered in an ongoing Honda audit. (Photo: Shutterstock)

(Bloomberg) – Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer.

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