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Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities.

The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems (KSS), the company's preferred bidder, would sponsor the turnaround plan by injecting 200 billion yen ($1.8 billion) and helping create a new operating company.

That money would be transferred to Takata to help settle claims linked to faulty air bags that have been blamed for at least 16 deaths worldwide.


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Trading Of Takata Stock Halted Ahead Of Bankruptcy Announcement

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