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Takata Corp (7312.T)

7312.T on Tokyo Stock Exchange

23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Takata to sell stake and business in units to TransDigm Group Inc
Thursday, 23 Feb 2017 02:35am EST 

Takata Corp <7312.T> : Says it plans to sell 100 percent stake in unit SCHROTH Safety Products GmbH and entire business in unit Takata Protection Systems Inc and Interiors In Flight Inc, to TransDigm Group Inc, on Feb. 22 (U.S. local time) .Says transaction amount is about 9.9 billion yen ($90 million).  Full Article

BMW recalling 230,000 vehicles that may have Takata air bags - AP
Friday, 3 Feb 2017 08:39am EST 

: BMW recalling 230K vehicles that may have Takata air bags - AP . The recall is expected to start on March 15 - AP Source : http://apne.ws/2kpaN6V ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Honda exec: Hope Trump understands Honda's presence in U.S.
Friday, 3 Feb 2017 01:57am EST 

Honda Motor Co Ltd <7267.T> Executive Vice President Seiji Kuraishi says: we have been investing in, developing, manufacturing cars in U.S. for 40 years, will continue to do so . we see uncertainties in current U.S. trade relations, if there are any policy changes we will deal with them . hopes U.S. President Donald Trump understands our presence in the U.S. . if tariffs on Mexico exports to U.S. increase, we would need to take some form of action .declines comment on whether Honda prefers court-led Takata restructuring, says stable supply a priority.  Full Article

Takata says has nothing to disclose after report on restructuring
Wednesday, 18 Jan 2017 08:26pm EST 

Takata Corp <7312.T>:has nothing to disclose after report on restructuring.  Full Article

Potential Takata backers call for court involvement in rehabilitation plan - Nikkei
Wednesday, 18 Jan 2017 03:23pm EST 

Nikkei - :Two potential sponsors for Takata's rehabilitation plan are asking for court involvement in the process - Nikkei.  Full Article

Takata reaches settlement agreement with U.S. Department of justice
Friday, 13 Jan 2017 02:41pm EST 

Takata Corp <7312.T> : Takata reaches settlement agreement with u.s. Department of justice . Takata corp - settlement fully resolves doj investigation into takata, all subsidiaries, affiliates, including takata's u.s. Subsidiary, tk holdings . Takata -co also agreed to enhance its corporate compliance program and appoint an independent monitor, who will report to doj for a period of 3 years .Says "takata deeply regrets circumstances that have led to this situation and remains fully committed to being part of solution".  Full Article

Toyota Motor North America says expanding recall involving Takata front passenger air bag inflators
Friday, 13 Jan 2017 12:43am EST 

Toyota Motor Corp <7203.T>: Toyota Motor North America says it is expanding its recall involving Takata front passenger air bag inflators . Toyota Motor North America says the expansion involves approximately 543,000 additional vehicles in the U.S .Toyota Motor North America says involved vehicles are equipped with a particular type of Takata inflator.  Full Article

Takata customers back rival Autoliv's takeover plan- WSJ
Wednesday, 16 Nov 2016 06:26am EST 

:Daicel is no longer a strong contender to take over Takata and car makers are instead looking with favor toward Autoliv - WSJ, citing sources.  Full Article

Takata CFO: Prefer to decide on sponsor this year but depends on progress of process led by steering committee
Friday, 4 Nov 2016 03:00am EDT 

Takata Corp <7312.T> Chief Financial Officer Yoichiro Nomura says: cannot comment on process to search for financial sponsor . company's preference would be to decide on a sponsor this year, but this depends on progress of process led by steering committee .company's preference is to see voluntary liquidation rather than court-led liquidation for global operations, to ensure inflator supply continues.  Full Article

Takata: Nothing to announce after report U.S. unit preparing Chapter 11 filing
Thursday, 3 Nov 2016 08:46pm EDT 

Takata Corp <7312.T>: nothing to announce after media report U.S. unit preparing for possible Chapter 11 filing .no new decision since announcement on Oct. 11 after previous similar report.  Full Article

More From Around the Web

UPDATE 1-U.S. auto recalls hit record high 53.2 million in 2016

WASHINGTON, March 10 Automakers recalled a record 53.2 million vehicles in 2016 in the United States after a massive expansion of the callback to replace Takata Corp air bag inflators, the U.S. Transportation Department said on Friday.