Daicel Corp (4202.T)
TOKYO, May 19 Japanese chemicals maker Daicel Corp and auto parts maker Toyoda Gosei Co said on Friday they will invest 1 billion yen ($8.98 million) in each other's equity, deepening ties as both companies expand their global air bag businesses.
* Says it has agreed on a capital alliance with Daicel Corp for mutual business improvement through cross holding shares
TOKYO, May 19 Japanese chemicals maker Daicel Corp and auto parts maker Toyoda Gosei Co said on Friday they will invest 1 billion yen ($8.98 million) in each other's equity to build cooperation in the areas of auto safety parts and new materials. ($1 = 111.3300 yen) (Reporting by Junko Fujita; Editing by Muralikumar Anantharaman)
TOKYO Bidders for Japan's Takata Corp are pushing for a court-mediated turnaround for the embattled air bag maker's domestic business, a source said, a strategy the company opposes and news of which sent its shares tumbling 17 percent.
* Takata has said wants private process for global operations
TOKYO Shares in Takata Corp jumped 16 percent on Friday after sources said the beleaguered air bag maker will plead guilty to criminal wrongdoing as part of a $1 billion settlement with U.S. authorities.
* Faulty airbags linked to 16 deaths worldwide (Adds a fund manager comment)