Air bag maker Takata to file for bankruptcy this month
Air bag maker Takata to file for bankruptcy this month
16 Junio, 2017, 05:16
Takata Corp the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file for bankruptcy as early as next week as it works toward a deal for financial backing from U.S. auto parts maker Key Safety Systems Inc, sources said on Thursday (June 15).
The new company which will be created under Key Safety is to obtain Takata operations for about 180 billion yen and will continue to supply air bags, seat belts, and other products.
Michigan-based Key, owned by Chinese supplier Ningbo Joyson (600699.SS), did not immediately respond to a request for comment.The Tokyo Stock Exchange said on Friday it had suspended trading in shares of Takata following media reports of preparations for a bankruptcy filing. At its previous close, it had a market value of US$360 million (S$497.8 million).
The supplier is expected to seek protection in its home country first, with its U.S. subsidiary filing for Chapter 11 bankruptcy shortly thereafter, according to a person familiar with the matter, who asked not to identified because the matter isn't public and the timing could change. Also at stake is $850 million owed by the Japanese airbag system maker to major global automakers under a settlement agreed to earlier this year.
Sources familiar with the matter, who asked for anonymity because they were not authorized to speak with the media, said a final deal with Key may not be reached before Takata files for bankruptcy. The company plans to begin proceedings in both the United States and Japan, the sources said.
Takata inflators can explode with excessive force, unleashing metal shrapnel inside cars and trucks, and have prompted the largest automotive recall in history. They also have been blamed for more than 180 injuries worldwide.
Congressman who rose to powerful job still rooted back home
Pelosi says it's "outrageous" and "beneath the dignity" of the House, adding: "How dare they say such a thing, how dare they". He "was treated and released having sustained a minor injury during the incident", Capitol Police said in a statement.
Takata agreed in February to pay $1 billion in penalties to the Justice Department and plead guilty to wire fraud.
The US District Court in Detroit earlier this month said it will consider Kenneth Feinberg, a lawyer who has administered some of the nation's highest-profile settlements, to replace former Federal Bureau of Investigation director Robert Mueller in overseeing the US$1 billion settlement fund. Mueller stepped down from his role to accept an appointment as special counsel to oversee the FBI's investigation of Russia's alleged efforts to influence the presidential election. Takata's steering committee recommended Key as the preferred bidder for the entire manufacturer.
Takata is expected to file for bankruptcy before selling its production operations to a newly formed company to pay off its debts to creditors, according to Nikkei.
Takata isn't the only major Japanese company to have issues this year. More than a dozen automakers have recalled vehicles, include Volkswagen AG, Toyota Motor Corp and General Motors Co. Recalls are to continue through at least the end of 2019.
In an interview with PBS Newshour , he said: "I think he is considering, perhaps, terminating the special counsel". Trump's attorney took to ABC News to say he wouldn't "speculate" on whether or not Trump would fire Mueller.
The OPEC "put" may also require constant and precisetactics in order to keep crude prices above $50 barrels per day. Add in Russia's tanker shipments and its total exports are likely above 9 million bpd.
Además, en 2013 admitió en Chile que pensaba votar por el "Frente para la Victoria" en las elecciones legislativas de aquel año. Más allá de ser de izquierda o derecha, lo que uno quiere ver es que la gente llegue feliz a fin de mes.
Police arrested a 27-year-old man in connection with the attack on Monday and released 12 others without charges, officials said. Italian authorities said Zaghba was stopped at the Bologna airport in March 2016 and questioned, but never charged with a crime.
As of April 17, there were 1,444 Iraqi nationals with final orders of removal from the US Eight already have been removed to Iraq. Crackdowns on Iraqi nationals residing in the US have been carried out by Immigration and Customs Enforcement (ICE) officials.
Asked if that constituted obstruction of justice , he said: "That's a conclusion I'm sure the special counsel will work towards". The special counsel's interviews with the senior officials will likely focus on Trump's firing of Comey and what motivated him.
Ante esto, cobra fuerza la hipótesis de obstrucción por parte del presidente, lo que puede derivar en una acusación formal. Comey tuvo que declarar la semana pasada ante una comisión de inteligencia del Senado estadounidense.
Bangladesh's Tamim Iqbal also started the tournament with a century, against England , before making 95 against Australia. They always are favourites going into a white ball tournament.
10-month-old child fatally shot while on walk with father
Police continue the search for three suspects linked to a shooting that left a 10-month-old baby boy dead on Wednesday afternoon. Police said the child's father was out for a walk with his son when three men walked up to them and one of them opened fire.
Eoin Morgan unbowed as befuddled England fluff their lines
Pacer Hasan Ali scalped three wickets for 35 runs while Juniad Khan and debutant Rumman Raees chipped in with two wickets each. Pakistan's openers compounded England's misery to the delight of their supporters at a sun-drenched Cardiff .
Is Zynga, Inc. (ZNGA) a good buy?
Following the completion of the sale, the general counsel now directly owns 88,157 shares in the company, valued at $240,668.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
Cosby jury reviews accuser's testimony amid deliberations
Prosecutors say his prior use of Quaaludes shows that Cosby had knowledge of what he was doing when he gave her the pills. Constand or her family what the pills really were, despite the fact they requested the name of the medication later on.
Detienen a presunto homicida de Valeria
De inmediato acudió a la policía donde le mencionaron, " está bien, háblenle a su novio , se fue con su novio". La tarde del 8 de junio la niña y su papá viajaban en una bicicleta cuando comenzó a llover.
Cosby trial jurors deadlocked after 30 hours
A former Playboy playmate, she says Cosby drugged and raped her in 1969. "They're conflicted about the inconsistencies in Ms. One of them, Lili Bernard, burst into tears on Thursday after getting into an argument with a Cosby supporter outside.
Multan a Delfina y Morena con 1.3 mdp
Por lo que, frente a la vulneración al principio de equidad en la contienda, se impuso a la ex candidata una multa "consistente en cinco mil veces el valor diario de la unidad de medida y actualización vigente; así como una multa de diez mil cien días al partido político Morena ".
México: horror por la muerte de una niña
A su vez, Sergio Gutiérrez , papá de Valeria , destacó que tiene dudas de que José Octavio "N" sea el agresor de su hija. México: violaron, asfixiaron y mataron a una niña de 11 en un transporte público.