Business / Corporate Oct 11, 2016

Takata considers bankruptcy for U.S. unit

Takata Corp. is considering bankruptcy protection for its U.S. unit, among other options, a person with knowledge of the matter said. The Tokyo-based firm's defective air bag inflators have led to the biggest recall in auto industry history. The company hired Weil Gotshal & Manges LLP ...

Takata lines up bids despite uncosted liabilities

Business / Corporate Sep 20, 2016

Takata lines up bids despite uncosted liabilities

Embattled air bag supplier Takata Corp. is moving forward with an auction of the company as private-equity firms and car parts-makers line up offers. Suitors include Carlyle Group LP, which is working with Chinese-owned air bag manufacturer Key Safety Systems Inc.; Daicel Corp., a Japanese ...