Success in buying airbag maker Takata seen making China firm a global car-safety player
Ningbo Joyson could become the world's second-largest motor safety parts supplier
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Tokyo
WANG Jianfeng has been on an epic acquisition tear over the past decade, assembling a formidable car parts empire in China with US$4 billion in revenue.
Now, the 46-year-old founder and chairman of Ningbo Joyson Electronic Corp is about to pull off his biggest deal yet: a US$1.59 billion takeover of Takata Corp, the troubled airbag maker that filed for bankruptcy protection on Monday and is in the midst of the largest motor recall in history.
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