Takata Selling Shares in Auto Makers to Raise Cash – Wall Street Journal

Posted: Wednesday, June 15, 2016

Takata Corp. is selling shares it owns in auto makers to raise cash as the embattled Japanese company faces mounting costs stemming from recalls of defective air bags linked to at least 11 deaths and more than 100 injuries world-wide, said a person familiar with the matter.

Takata’s ownership stakes are currently valued at roughly $90 million. It isn’t clear when Takata plans to unload the shares or how much money it will ultimately…

Comments

Write a Reply or Comment:

Your email address will not be published.*