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Takata to Take Bids for Financial Backer

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Sept. 9, 2016—Takata Corp will take initial bids from seven companies looking to help the company out on Sept. 19, according to a report by Automotive News.

Potential investors include Daicel Corp., Ningbo Joyson Electronic, and global funds KKR & Co. The companies will each present turnaround plans to investment bank Lazard Ltd, reports Automotive News.

Takata, the Japanese airbag maker, has been in the headlines for its massive airbag recall, which has been linked to at least 14 deaths.

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