Business Jan 25, 2017

Takata, carmakers sued by New Mexico over dangerous air bags

Takata Corp. and 15 automakers have been sued by New Mexico's attorney general for failing to protect consumers from exploding air bags. Takata and the carmakers have endangered hundreds of thousands of New Mexico residents by misrepresenting the existence and the extent of the defect, ...

Takata bidders said to favor Japan bankruptcy; shares tumble

Business / Corporate Jan 19, 2017

Takata bidders said to favor Japan bankruptcy; shares tumble

Bidders for troubled air bag maker Takata Corp. are leaning toward a court-mediated bankruptcy in Japan to shield them from liabilities, according to people familiar with the matter. The company had opposed the move on concern it would disrupt the supply of replacement parts. Takata, which ...