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Japan-Update

Potential Takata backers call for court-mediated turnaround

Japanese air bag maker likely to enlist Autoliv or Key Safety Systems

Takata may pursue court-mediated rehabilitation after all.

TOKYO --The two potential sponsors for Takata's rehabilitation plan are asking for court involvement in the process -- a move also supported by many automakers that have shouldered the cost for recalling the company's exploding air bags.

Sweden's Autoliv, the world's leading air bag manufacturer, and a coalition led by Key Safety Systems, a U.S. autoparts maker owned by a Chinese company, are both expected to present proposals based around filing for civil rehabilitation proceedings. To ensure Takata can keep operating under this scenario, automakers will call on suppliers to continue selling components to the Tokyo-based company.

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