autos, cars, featured, airbag, recall, takata, takata up for sale; taking bids today

It comes as no surprise that Takata Corp, the company in the middle of the global airbag recall storm is putting itself up for sale / rescue.

According to Reuters and Bloomberg, the Tokyo-based company will take initial bids today (19 September 2016) from 7 potential buyers, including Daicel Corp (a Japanese chemical maker which supplies inflators to Takata) in a joint bid with Bain Capital, Ningbo Joyson Electronic (the China parent of American-based airbag maker Key Safety Systems), and KKR & Co (a global investment fund). The bidders are expected to present their plans to Lazard Ltd (the advising bank) today and a shortlist of 2 – 3 potential buyers should be ready by October. It is said that there were as many as 30 interested parties in June but its reported that Lazard will only be accepting bids from 7 in a private process.

autos, cars, featured, airbag, recall, takata, takata up for sale; taking bids today
With its stock price plunging nearly 90% since 2014 and its potential of facing billions of dollars in liabilities arising from the global airbag recall which will go on for the next few years, Takata is in dire need of financial support. Why not let the company go under or put it out to pasture and let other airbag manufacturers take over its market share? It isn’t that simple. Firstly, Takata still needs to supply replacement airbag kits for the recall and secondly, Takata is one of only 3 dominant airbag makers supplying to the global market and as many as 10 automakers rely on Takata’s supply.

Keyword: Takata Up For Sale; Taking Bids Today

CAR'S NEWS RELATED

Takata Airbag Recall – Update From Honda Malaysia

Honda Malaysia Sdn. Bhd. has issued an update on their recall exercise for models affected by the Takata airbag issue. Honda Malaysia continues to alert and inform its customers of the importance of replacing the affected vehicles’ airbags and has undertaken the following measures to reach the owners of ...

View more: Takata Airbag Recall – Update From Honda Malaysia

Takata Airbag Recall Campaign Extended To 2015 Nissan Navara D40, Grand Livina L10 And X-Gear L10 In Malaysia

Edaran Tan Chong Motor Sdn Bhd (ETCM) and Tan Chong Ekspres Auto Servis Centre (TCEAS) have announced a recall campaign extension to include three models for the replacement of the Takata airbag inflator module for the driver and front passenger. This follows an investigation conducted by Nissan Motor Co. ...

View more: Takata Airbag Recall Campaign Extended To 2015 Nissan Navara D40, Grand Livina L10 And X-Gear L10 In Malaysia

Toyota Vios, Yaris, Alphard, Corolla Altis Owners! Passenger Airbag Replacement

Owners of the above-mentioned models should take note of the Special Service Campaign (SSC) just announced by UMW Toyota Motor Sdn Bhd (UMWT) to replace the inflator module in the front passenger airbag system. UMWT’s press statement is included here, ad verbum: UMW Toyota Motor Sdn Bhd (UMWT) has ...

View more: Toyota Vios, Yaris, Alphard, Corolla Altis Owners! Passenger Airbag Replacement

Honda Malaysia Issues Recall For Year 1999 Accord And 2000 CR-V

Honda Malaysia has issued a product recall for 2,784 vehicles from 1999 Year Model and 2000 Year Model. The said Honda vehicles are required to replace* the Takata driver front airbag inflator as a preventive measure, in line with the global Honda Non-Azide Driver Airbag Inflator (NADI) recall. The ...

View more: Honda Malaysia Issues Recall For Year 1999 Accord And 2000 CR-V

Mitsubishi Motors Malaysia issues recall for Triton

Latest in the trend of airbag related recalls from a number of manufacturers is Mitsubishi, as they have discovered that the airbag inflators in their Triton model line may be defective. Models manufactured from 2006 to 2014 are at risk- roughly 35,115 units through this period. The specific models involved ...

View more: Mitsubishi Motors Malaysia issues recall for Triton

Takata Airbag Issue: The Affected Cars

There have already been four recorded fatal incidents linked to Takata airbags in Malaysia and only a small percentage of owners who have been notified by manufacturers, have sent their vehicles in for repair. Contrary to popular belief, the recall is not limited to just Honda vehicles. Yes, the brand is the ...

View more: Takata Airbag Issue: The Affected Cars

Takata Airbag Crisis: Nissan Expands Recall – More Models Affected

Edaran Tan Chong Malaysia, local assembler and distributor of Nissan vehicles has announced further recalls of its models, affected by the Takata Airbag Inflator. This recall also includes remedial actions for defective ‘back-door stay’ on selected models.   Previous recalls for Nissan vehicles were limited to just three models. Approximately ...

View more: Takata Airbag Crisis: Nissan Expands Recall – More Models Affected

UMW Toyota Extends Takata Airbag Recall. 2010 – 2012 Vios, Alphard, Altis, Yaris Affected

UMW Toyota Motor Sdn Bhd (UMWT) today announced a recall to replace the Takata front passenger side airbag inflator modules for a few models sold in Malaysia. The affected models include 42,000 units of Toyota Corolla Altis, Vios, Yaris and Alphard manufactured between May 2010 and December 2012 and distributed ...

View more: UMW Toyota Extends Takata Airbag Recall. 2010 – 2012 Vios, Alphard, Altis, Yaris Affected

Honda Takata Airbag Recall: Second Recall For ’03-’07 Accord; 9,998 Units Affected

Takata Airbag Crisis: Government Needs To Step In

Takata Airbag Crisis: Compensation For Honda Owners, 3 Central Hubs, 24 Mobile Hubs Setup

Honda Malaysia Recalls 2,784 Accords, CR-Vs For Airbag Replacement

Proton Perdana Owners – Please Replace Your Airbags

41,000 Toyota Vehicles in Malaysia Affected by Special Service Campaign

UMW Toyota Motor Speaks Up On Transport Minister’s Statement On Takata Airbag Recalls

UMW Toyota Calls For Special Service Campaign For Vios, Altis And Alphard

Calling ALL Owners Of 2013 Honda City, Jazz And Insight

Honda Malaysia Issues Statement On Confirmed Airbag Inflator Rupture On 1 January 2018

Honda Malaysia Airbag Recall – August 2017 Update

ETCM Extends Airbag Recall To D22 Frontier, N16 Sentra & T30 X-Trail

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel