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Takata decides to file for bankruptcy: source

TOKYO Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen ($9 billion), a source said.

Latest Auto News

BRIEF-Honda says no final agreement with Takata over inflator recall responsibilities

* Honda Motor Co says no final agreement reached with Takata Corp over inflator recall responsibilities

9:26pm EDT

UPDATE 1-Airbag maker Takata files for bankruptcy protection in Japan

TOKYO, June 26 Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS).

9:02pm EDT

RPT-UPDATE 1-Takata decides to file for bankruptcy - source

* Takata board held meeting this morning in Tokyo - Japan media

8:42pm EDT

Airbag maker Takata files for bankruptcy protection in Japan

TOKYO, June 26 Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS).

8:35pm EDT

BRIEF-KSS: expects Takata transaction to be completed in Q1 2018

* plans to retain "substantially all" of Takata Corp's workers globally on comparable employment terms

8:31pm EDT

BRIEF-Takata files for bankruptcy protection in Japan - Kyodo

* Takata files for bankruptcy protection in Japan - Kyodo Source text for Eikon: Further company coverage:

7:53pm EDT

UPDATE 1-Takata decides to file for bankruptcy - source

* Takata board held meeting this morning in Tokyo - Japan media

7:45pm EDT

Takata shares suspended - TSE

TOKYO, June 26 TAKATA SHARES SUSPENDED - TSE (Writing by William Mallard)

7:09pm EDT

Takata decides to file for bankruptcy - Japan media

TOKYO, June 26 Japan's Takata Corp decided on Monday to file for bankruptcy protection in Japan with liabilities of more than 1 trillion yen ($9 billion), Japanese media reported, as the auto parts supplier has struggled due to its defective air bag inflators at the centre of the auto industry's biggest ever product recall.

6:56pm EDT

Reuters Business News Schedule at 2000 GMT/4 PM ET

Italy winds up Veneto banks, deal could cost up to 17 bln euros

4:10pm EDT
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Volkswagen's Slovak unit and union reach wage deal, ending six-day strike: VW spokeswoman

BRATISLAVA Volkswagen's Slovak unit said on Sunday it had reached a wage deal with a trade union to end a six-day strike that has hit production at the country's biggest private employer.

4:03pm EDT

UPDATE 2-Volkswagen's Slovak unit and union reach wage deal, ending six-day strike: VW spokeswoman

BRATISLAVA, June 25 Volkswagen's Slovak unit said on Sunday it had reached a wage deal with a trade union to end a six-day strike that has hit production at the country's biggest private employer.

3:49pm EDT

Volkswagen's Slovak unit and union reach wage deal, ending six-day strike: VW spokeswoman

BRATISLAVA, June 25 Volkswagen's Slovak unit said on Sunday it had reached a wage deal with a trade union to end a six-day strike that has hit production at the country's biggest private employer.

2:33pm EDT
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Internal dossier criticises Audi top management: Bild

FRANKFURT German luxury carmaker Audi's management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier.

Jun 24 2017

Internal dossier criticises Audi top management -Bild

FRANKFURT, June 25 German luxury carmaker Audi's management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier.

Jun 24 2017

VW's Slovak union says close to wage deal to end strike

BRATISLAVA The union representing workers at Volkswagen's Slovak factories said on Saturday it was close to agreeing a wage deal with management to end a five-day strike that has hit production at the country's biggest private employer.

Jun 24 2017

VW's Slovak union says close to wage deal to end strike

BRATISLAVA, June 24 The union representing workers at Volkswagen's Slovak factories said on Saturday it was close to agreeing a wage deal with management to end a five-day strike that has hit production at the country's biggest private employer.

Jun 24 2017

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