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Does Takata have an investor?

Posted on 26 May, 2016

Takata Corporation is reportedly in talks with potential investors. Malfunctioning Takata airbags led to the largest-ever safety recall in the United States - globally, more than 50 million have been recalled so far, with another 35 to 40 million in the next three years. Reportedly, private equity firm KKR & Co are in discussions to take a stake in the company. All decisions would require approval from Takata’s clients and stakeholders, with the group recovering from a net loss of US$120m for the year ended in March. Takata is not only accused of manipulating airbag test data, but also taking too long to disclose recall information. The company was started in 1933 by Takezo Takada, originally making parachutes, with his grandson currently at the helm.