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Friday, 18 January 2013

The Most Expensive Product Recalls

The cost of the Federal Aviation Administration’s decision to ground U.S.-registered Boeing [BA] 787s is difficult to assess pending a review of the plane’s lithium-ion batteries, widely considered to be the source of the plane's troubles. While not a “product recall” in the traditional sense, the 787 being pulled from commercial service could have a major financial impact on Boeing and its airline customers.

Many other companies have had to weather product recalls and concerns over the safety of their products. Here are some of the largest and most expensive product recalls:

TylenolFirestone Ford Tyres | Merck's Vioxx | Sony Batteries in Dell Laptops | Chili Powder | Cadbury-Schweppes | Peanut Butter | Westland/Hallmark Meats | Mattel Toys | Toyota 

Source: The Most Expensive Product Recalls - Costly Recalls - Businessweek