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Takata defective air bag News

28 Jun 2017

Takata bankruptcy a question mark for consumer lawsuits

The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company`s exploding airbags, which were part of the largest auto safety recall ever.

22 Jun 2017

Takata to file for bankruptcy Monday, SMFG to provide bridge loan: Sources

Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.

20 Jun 2017

Airbag maker Takata dives 20% on bankruptcy fears

Takata shares dived again on Tuesday, losing one-third of their value in just two days of trading on reports the troubled airbag maker will file for bankruptcy protection and sell its assets to a US company.

16 Jun 2017

Air bag maker Takata to file for bankruptcy this month: Sources

Takata, one of the world`s biggest automotive suppliers, has been working for months to complete a deal with Key Safety.

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