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A component used in Takata air bags.
Business

Toyota, Nissan and co to support Takata recovery

Air bag maker will stop producing components that led to its downfall

| Japan

TOKYO -- Honda Motor, Toyota Motor and Nissan Motor will continue to financially support Takata after it files for bankruptcy protection here as early as Monday, in an effort to contain any loss of confidence in Japan's autoparts industry.

The country's three largest automakers, together with smaller players like Subaru and Mitsubishi Motors, had informed the embattled air bag maker by Thursday that they would continue doing business with it based on existing contracts. They are also expected to speed up payment of accounts receivable to help Takata maintain its cash flow.

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