Takata interiors unit being sold to Piston Group, sources sayMon, 26, Sep 2016
Piston Group, the auto supplier owned by former NBA star Vinnie Johnson, is expected to acquire Takata's interiors subsidiary, Irvin Automotive, sources familiar with the deal said.
Takata's search for a savior could drag into next yearMon, 26, Sep 2016
The plan to sell beleaguered Takata to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the airbag maker through bankruptcy to wipe out most of its debt, people with knowledge of the matter said.
Automakers head to Japan to decide Takata's fateTue, 20, Sep 2016
Global automakers are expected to descend on Tokyo at the end of the month to decide the fate of embattled supplier Takata Corp. Executives from customers, including GM and Ford, will review offers from several bidders for the company
Takata pushes ahead with sale by taking bids this week, report saysMon, 19, Sep 2016
Takata is said to be moving forward with an auction of the company as private equity groups and suppliers line up offers. Bidders for the troubled firm have been asked to submit their proposals by early this week, with Takata aiming to shortlist two to three candidates by October, Bloomberg reported.
GM sued for breach of contract by supplier's creditorsWed, 07, Sep 2016
Creditors of a small Massachusetts-based supplier, whose bankruptcy threatened General Motors’ production at plants across North America in July, filed a lawsuit against the automaker claiming breach of contract, fraud and deceptive business practices.