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Japan's Takata Offers Condolences to Victims of Faulty Air Bags

Japanese auto parts maker Takata Corp expressed condolences on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world, but stopped short of offering a full apology, Reuters reported. "We offer our co ...

Daily Headline - global.abi.org - 06/27/2017 - 22:06 - 0 comments

Airbag Maker Takata Files for Bankruptcy Protection in Japan

Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS), Reuters reported. The KSS deal would help it deal w ...

Daily Headline - global.abi.org - 06/25/2017 - 21:58 - 0 comments

Takata to File for Bankruptcy Monday, SMFG to Provide Bridge Loan

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, Reuters reported. The firm, whose defective a ...

Daily Headline - global.abi.org - 06/22/2017 - 22:25 - 0 comments

Takata Declines by Daily Limit as It's Said to Plan Bankruptcy

Takata Corp. fell by its daily limit after the embattled airbag maker was said to be planning to file for bankruptcy, paving the way for a sale of the 84-year-old Japanese company behind the biggest safety recall in automotive history, Bloomberg News rep ...

Daily Headline - global.abi.org - 06/19/2017 - 22:40 - 0 comments

Air Bag Maker Takata to File Bankruptcy this Month

Takata Corp, the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file for bankruptcy as early as next week as it works toward a deal for financial backing from U.S. auto parts maker Key Safet ...

Daily Headline - global.abi.org - 06/15/2017 - 20:55 - 0 comments

Toshiba Reports Massive Loss for Year Over Westinghouse Woes

Toshiba, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March, Bloomberg News reported on an Associated Press story. The Japanese electronics gian ...

Daily Headline - global.abi.org - 05/15/2017 - 22:42 - 0 comments

The Quiet but Substantial Successes of Abenomics

later, the Bank of Japan’s preferred measure of inflation is up by 0.1 per cent on a year ago. It ...

Daily Headline - global.abi.org - 05/01/2017 - 21:11 - 0 comments

Shares in Japan's Takata Suspended After Report on Bankruptcy Plan

Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilitie ...

Daily Headline - global.abi.org - 04/27/2017 - 22:42 - 0 comments

Takata Rescue Talks Extended, Even as Bankruptcy Risk Looms

Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people briefed on the process said. Car-parts maker ...

Daily Headline - global.abi.org - 04/17/2017 - 21:23 - 0 comments

Toshiba Files Results Unapproved By Auditor; Warns Of 'Going Concern' Risk

Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate, Reuters reported. "There are material events a ...

Daily Headline - global.abi.org - 04/11/2017 - 22:27 - 0 comments

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