Takata wants to avoid bankruptcy to minimize disruptions #DetroitNews

Craig Trudell, Masatsugu Horie and Ma Jie Bloomberg - Takata Corp. said it wants to avoid bankruptcy globally because a court-led restructuring could disrupt the supply of parts to automakers, the first public comments the embattled airbag supplier has made on an option being considered in the U.S. “We hope to have out-of-court settlement and our position hasn’t changed since the beginning,” CFO Yoichiro Nomura said Friday after the Tokyo-based company reported earnings. “There’s no other option to ensure the stable

from Latest News - Crain's Detroit Business