Takata hires financial adviser to mull restructuring options

UPDATED: 5/25/16 6:29 pm ET - adds company statement

Takata hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of airbag inflators that can rupture.

Daimler to set aside $560 million to cover airbag recall

Daimler said today it would set aside around 500 million euros ($560 million) this year for the recall of some of its vehicles, which contain airbags

Sign up for our weekly F&I newsletter

A must read for every dealer principal, GM or F&I manager. Sent every Wednesday.