Takata U.S. unit mulling bankruptcy but no filing expected soon: source

November 3, 2016 10:00 PM EDT

The logo of Takata Corp is seen on its display through a vehicle at a showroom for vehicles in Tokyo, Japan, May 11, 2016. REUTERS/Toru Hanai/File Photo


Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

WASHINGTON (Reuters) - Japanese auto parts maker Takata Corp <7312.T> has been considering a possible bankruptcy filing for its U.S. unit but no filing is expected soon, a source briefed on the matter said.

Takata, at the center of the biggest global automotive recall in history for its potentially deadly air bag inflators, has retained investment bank Lazard Ltd (NYSE: LAZ) as an adviser to choose a sponsor for its turnaround.

(Reporting by David Shepardson; Editing by Stephen Coates)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Related Entities

Lazard, Bankruptcy

Add Your Comment