Takata shares were suspended on the Tokyo stock exchange this week at Wednesday's closing price of JPY867 following reports that two companies are set propose separate rescue plans through the Japanese courts.
The troubled airbag manufacturer has been at the centre of the largest recall in the history of the global automotive industry. An estimated 110 million faulty Takata airbags have been recalled so far because they are in danger of inflating with explosive force. Some 15 fatalities and numerous injuries so far have been linked with its airbags globally.
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Last week Takata agreed to plead guilty and pay US$1bn to the US Department of Justice to settle previously disclosed issues relating to the faulty airbag inflators.
Three Takata executives have been charged with offences relating to the faulty airbags but the company's legal liabilities are not expected to end there.
The two bidders are understood to be Sweden's Autoliv, the world's largest airbag manufacturer, and a consortium led by Key Safety Systems, the Chinese-owned US-based auto parts manufacturer.
