Sign in or Register
Español Français Deutsch Italiano Português 汉语

Takata acquisition complete

Auto components maker Key Safety Systems (KSS) has completed its acquisition of airbag manufacturer Takata.

Michigan-based, Chinese-owned KSS will pay $1.6 billion deal to acquire Takata. Faults in the Japanese company’s products led to deaths, vehicle recalls, law suits and, in 2017, its filing for bankruptcy protection.

The new combined company will be called Joyson Safety Systems and will have its headquarters in Michigan.

USHSLA D cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © 2018 Limited. All Rights Reserved.