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 ...

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 ...