Bankers weigh air bag fallout for Takada family


AS Takata Corp comes under scrutiny for air bag defects, bankers are weighing up the potential fallout for the Japanese family behind the 81-year-old company, and the third-generation CEO who controls it.

As one reference for what Takata may face, Toyota Motor paid at least US$2.6 billion over a US recall crisis four years ago linked to four deaths, all in one car. Defective Takata air bags have been linked to five deaths: four in the United States and one in Malaysia of a pregnant woman.

Bankers with relationships with Takata are brainstorming financing proposals - though not yet with Takata directly - as recall costs increase and lawsuits loom. Raising new capital could threaten the control...

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