Takata Headed for Bankruptcy
Takata Headed for Bankruptcy

Takata Headed for Bankruptcy

Takata Headed for Bankruptcy

The Tokyo Stock Exchange suspends trading in Takata shares as reports circulate that the beleaguered airbag manufacturer is planning to file for bankruptcy in Japan and America as early as next week, DW reported. Takata Corp, the 84-year-old Japanese company facing billions in liabilities stemming from its defective airbag inflators, is preparing to file for bankruptcy as early as next week sources said. Trading in Takata shares was suspended on the news; at its previous close, the company had a market value of $360 million. Takata is one of the world’s biggest automotive suppliers and has been working for months to complete a deal with Michigan-based Key Safety Systems, which is owned by Chinese supplier Ningbo Joyson.


Short URL : https://goo.gl/xzJ8rR
  1. https://goo.gl/epUixb
  • https://goo.gl/HA2NYw
  • https://goo.gl/VJyq9v
  • https://goo.gl/NWbYf6
  • https://goo.gl/XvWh3S

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Add new comment

Read our comment policy before posting your viewpoints