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Takata Corp. asked automakers to allow it to pay for costs related to its recalled air bags by installment and is meeting with its bankers almost every day to ensure it has enough cash flow, according to an analyst who attended a company briefing.

The automakers are close to agreeing to the installment proposal, which will allow the company to avoid paying large sums of money at one time, Takata Chief Financial Officer Yoichiro Nomura told analysts Thursday in Tokyo, according to the person. As of the financial year ended March, Takata hasn’t breached conditions that would allow its banks to call back loans, Nomura said, according to the person, who declined to be named as the meeting wasn’t open to the media.



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Takata Discussing Cash Flow With Bankers On A Daily Basis As Recalls Close In On 36 Million Vehicles

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