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Takata would stop making air-bag inflators under new plan - sources

Reuters  |  TOKYO 

By Naomi Tajitsu and Maki ShirakiTOKYO (Reuters) - Japan's Takata Corp , facing bankruptcy over the biggest recall in automotive history, would stop making air-bag inflators after completing a global recall, under a restructuring plan under consideration by its steering committee, sources told Reuters on Friday.The committee is discussing plans with rival Key Safety Systems Inc (KSS) which is negotiating to take control of the company. Any plan would require final approval from Takata's board before the air bag maker submits them as part of expected bankruptcy filings in the United States and ...

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First Published: Sat, June 17 2017. 00:50 IST
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