Takata to book $100 million special profit in second quarter from U.S. interiors unit sale
- Unemployment Rate Drops to 4.6%
- Unusual 11 Mid-Day Movers 12/2: (ASNA) (HTBX) (REPH) Higher; (PLX) (MEMP) (DRYS) Lower
- Bond yields fall on U.S. jobs data, euro flat before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
TOKYO (Reuters) - Japanese auto safety parts supplier Takata Corp <7312.T> said on Thursday it expected to book a special profit of about 10 billion yen ($99 million) in the July-September quarter from the sale of U.S. interiors unit Irvin Automotive Products Inc.
Takata is selling the unit to Detroit automotive supplier Piston Group. The deal is not directly related to the larger effort to secure a lifeline for Takata and its primary seat belt and air bag businesses.
Takata said in a statement it was currently calculating the impact on its full-year financial forecasts, adding it would announce any change as soon as it could.
(Reporting by Chang-Ran Kim; Editing by Joseph Radford)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- United Airlines to pay $2.4 million over flight perks to Port Authority executive
- Dirty money from Nigeria seized by Britain should help Boko Haram victims: charity
- Dual U.S.-Iranian national, wife jailed in Iran without charge since July: rights group
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!