Joyson And PAG Fund KSS To Acquire Air-Bag Maker Takata In Asset Deal
The newly merged company will be branded Joyson Safety Systems, and will be based in Michigan.
Takata Airbags Special Master Announces $850M Restitution Fund Allocation Program For Automobile Manufacturers
The Special Master, Eric Green, a Boston law professor and mediator, stated that he is sending notice to more than 50 auto manufacturers around the world that purchased the Takata airbags that are subject to widespread recall programs.
Takata Corp. And KSS Sign Definitive Asset Purchase Agreement
KSS will acquire substantially all of Takata’s global assets and operations for an aggregate purchase price of $1.588 billion.
Takata Corp. And Key Safety Systems Reach Agreement In Principle Regarding Sale Of Substantially All Of Takata’s Assets
Under the agreement, KSS will acquire substantially all of Takata’s assets, except for certain assets and operations that relate to the company’s manufacturing and sale of phase-stabilized ammonium nitrate airbag inflators.
Another Automaker Expands Takata Airbag Recall; Takata Reaches Settlement With US DOJ
Toyota Motor North America announced that, based on recent information from Takata as required by the National Highway Traffic Safety Administration, it is expanding its recall involving Takata front passenger air bag inflators.
Ford Expands Safety Recall For Vehicles Containing Certain Takata Airbag Inflators In North America
Vehicles affected include approximately 816,000 Ford, Lincoln and Mercury vehicles built in North America. Dealers will replace the passenger frontal airbag inflator at no cost to the customer.
Takata Corp. Comments On Bankruptcy Filing Rumors
Takata Corp. issued a statement today following reports from a number of media outlets indicating that the company is considering filing for bankruptcy in the U.S.
KBB Study: Presidential Election, Hillary Clinton’s Email Issue, Zika Virus Outrank Concerns About Deadly Takata Airbag Recall
Even though the Takata airbag recall numbers continue to climb along with the severity of this potentially deadly issue, consumer awareness and concern about the Takata recall is low compared to other national and global issues.
Ford Issues Safety Recall For Vehicles Containing Certain Takata Airbag Inflators
A total of 1,898,728 vehicles now are affected by this safety recall, including 1,896,443 in the United States and federalized territories, 1,304 in Canada and one in Mexico.
Takata Steering Committee Provides Update On Actions And Objectives
The company also retained Lazard as its financial adviser to seek investment and develop and implement a consensual resolution of inflator issues in partnership with its automotive customers.