Running a Shop News Law Research+Reports

Takata Denies Bankruptcy Reports

Order Reprints

Nov. 7, 2016—Air-bag manufacturer Takata denied reports over the weekend that it is seeking bankruptcy protection for its U.S. subsidiary TK Holdings, Inc. The U.S. subsidiary is currently in debt, largely due to the recall of 69 million air bags and related litigation, according to a company statement.

The parent company also denied reports it was considering voluntary liquidation in Japan, reported

“These reports are not based on any announcement by Takata,” the company noted.

Related Articles

Takata Files for Bankruptcy Following Airbag Scandal

Honda Reports 20th Death from Exploding Takata Air Bag

You must login or register in order to post a comment.