Edition:
United States

Takata Corp (7312.T)

7312.T on Tokyo Stock Exchange

40JPY
20 Jul 2017
Change (% chg)

¥13 (+48.15%)
Prev Close
¥27
Open
¥37
Day's High
¥48
Day's Low
¥34
Volume
34,474,700
Avg. Vol
6,672,982
52-wk High
¥1,233
52-wk Low
¥15

Latest Key Developments (Source: Significant Developments)

American Honda Motor says notified NHTSA of rupture of Takata airbag inflator on June 18, 2016‍​
Monday, 10 Jul 2017 01:24pm EDT 

July 10 (Reuters) - American Honda Motor Co Inc : :American Honda Motor says has notified NHTSA of rupture of Takata driver’s airbag inflator in 2001 Honda Accord on June 18, 2016‍​.American Honda Motor Co says the individual died the next day from injuries sustained when the airbag deployed ‍​.American Honda Motor - Airbag rupture occurred while individual was attempting to perform unknown repairs inside vehicle while ignition switch was “on”.American Honda Motor says has shared all of the available vehicle history information collected to date with NHTSA‍​.American Honda Motor says will continue to cooperate with NHTSA throughout the process of the investigation.American Honda Motor - "Difficult to determine" whether cause of individual's death was inflator rupture or interaction of hammer with deploying airbag.  Full Article

Takata defaults on 30 bln Yen in domestic corporate bonds -Nikkei
Monday, 26 Jun 2017 05:41pm EDT 

June 27 (Reuters) - Nikkei::Takata fell into default on 30 billion yen ($268 million) in domestic corporate bonds with its filing for bankruptcy protection on Monday.  Full Article

Takata announces declaration of civil rehabilitation procedures
Monday, 26 Jun 2017 12:00am EDT 

June 26(Reuters) - Takata Corp <7312.T>:Says it filed for civil rehabilitation procedures on June 26 in Japan.Says it also filed for civil rehabilitation procedures for two Japan-based consolidated subsidiaries in Japan and 12 overseas subsidiaries including TK Holdings Inc, in U.S..  Full Article

Takata CEO: Top management to step down once transfer to KSS complete
Sunday, 25 Jun 2017 10:43pm EDT 

June 26 (Reuters) - Takata Corp <7312.T> Chairman and CEO Shigehisa Takada::top management to step down once transfer to KSS completed.likely that Takada family will stop being company shareholders in future.have not reached final agreements on recall issues with automaker clients, taking longer than expected due to differing views.Takata lawyer says can't say what final liabilities are yet since discussions over burden of recall fees not done with automakers.Takata executive: restructured Takata will keep producing ammonium nitrate-based air bag inflators through March 2020 for recalls, plan to stop making them after that.we still don't know why accidents occurred, no way of predicting during development stage.  Full Article

Takata has 1.7 trln yen in liabilities - Jiji, citing Tokyo Shoko Research estimate
Sunday, 25 Jun 2017 10:43pm EDT 

June 26 (Reuters) - Takata Corp <7312.T> has 1.7 trillion yen ($15.27 billion) in liabilities - Jiji, citing Tokyo Shoko Research estimate:.  Full Article

Takata expected to file for bankruptcy protection as early as June - Nikkei
Thursday, 15 Jun 2017 01:16pm EDT 

June 15 (Reuters) - Nikkei::Takata Corp is expected to file for bankruptcy protection in Tokyo as early as this month - Nikkei.Takata's liabilities are seen exceeding 1 trillion yen following global recall of air bags - Nikkei.Takata's U.S.-based subsidiary TK holdings' board is expected to approve a filing for chapter 11 bankruptcy in U.S. later in June - Nikkei.  Full Article

Ken Feinberg under consideration to run Takata airbag compensation fund - CNBC, citing DJ
Monday, 5 Jun 2017 07:56pm EDT 

June 5 (Reuters) - Takata Corp <7312.T>:Ken Feinberg under consideration to run Takata airbag compensation fund after Robert Mueller notified judge he could no longer do so - CNBC, citing DJ .  Full Article

Ken Feinberg to run Takata airbag compensation fund - CNBC, citing DJ
Monday, 5 Jun 2017 05:22pm EDT 

June 5 (Reuters) - :Ken Feinberg to run Takata airbag compensation fund after Robert Mueller notified judge he could no longer do so - CNBC, citing DJ.  Full Article

American Honda Motor says advises owners of vehicles affected by Takata Airbag Inflator recalls in Hawaii to seek repair immediately
Thursday, 11 May 2017 12:00pm EDT 

May 11 (Reuters) - American Honda Motor : :American Honda Motor says advises owners of vehicles affected by Takata Airbag Inflator recalls in Hawaii to seek repair immediately.  Full Article

GM says aware of one putative class action pending against Co in U.S. court through April 17
Friday, 28 Apr 2017 11:56am EDT 

April 28 (Reuters) - GM::Through April 17, aware of one putative class action pending against company in U.S. court based on allegations of defective Takata airbag inflators - SEC filing.Through April 17, aware of one putative class action against company in Mexico, 7 putative class actions pending in various provincial courts in Canada.New Mexico Attorney General has initiated litigation against Takata and numerous automotive manufacturers, including GM.  Full Article

Photo

With new Takata air bag recalls, automakers may face more liabilities

TOKYO Takata Corp's bankruptcy filing last month was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more air bag inflator recalls suggests automakers could face fresh liabilities in the future. | Video