Mexican Media Brands
Report: Takata Will Take Bids from Rescuers Next Week
Takata Corp. excepts to review initial bids on Sept. 19 from as many as seven financial investors, sources tell Reuters.
#economics
Share
Takata Corp. excepts to review initial bids on Sept. 19 from as many as seven financial investors, sources tell Reuters.
The struggling Japanese supplier hired Lazard Freres & Co. LLC in May to help it find rescuers as it faces fallout from customer recalls of roughly 100 million airbag inflators that could explode. The company could face huge costs depending upon its liability for the flawed devices.
Previously mentioned likely bidders include Bain Capital, Daicel, KKR and Ningbo Joyson Electronic. Reuters says a committee that has been overseeing Takata’s restructuring hopes to choose two finalists in early October and finalize a bailout strategy for the company by year-end.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.