The Business Times
business-time-50

A troubled airbag maker's bumpy road to bankruptcy filing

google-preferred-sourceAdd BT as a preferred source
Published Mon, Jun 26, 2017 · 09:50 PM

Tokyo

TAKATA Corp filed for bankruptcy protection, paving the way for a restructuring of the troubled Japanese airbag maker as it looks to tide over the biggest safety recall in automotive industry.

It agreed to sell its businesses and assets to Chinese-owned Key Safety Systems Inc for 175 billion yen (S$2.2 billion).

TRENDING NOW

Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

Firm loses wrongful dismissal case despite following termination clause

Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both.

Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

Clockwise from top left: The founders of ImmunoQs, AI Seer and DancingMind. All three startups are based at JTC Corp’s LaunchPad @ one-north.

With tech for fact-checking to cancer care, Singapore startups aim beyond home 

A preview of the 2026 National Day Parade on Aug 2. The Singapore Dream is not dead, but its manual needs an urgent rewrite that includes the principles of financial literacy.

How to finance-proof the ‘Singapore Dream’

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More