On June 25, 2017, Takata’s US arm, TK Holdings Inc.

While American manufacturing has experienced a resurgence in recent years, some manufacturers continue to face challenges.

The automotive industry has recently enjoyed a strong period of sales growth and productivity. But even during this period, some manufacturers and raw materials suppliers continue to face pressures presented by financially troubled customers and suppliers. Witness for example the recent chapter 11 filings of Lee Steel Corporation and Chassix Holdings, Inc.