Key Safety Systems plans Japan expansion, focussing on air bags



U.S. auto parts maker Key Safety Systems said on Wednesday that it planned to double revenue in Japan by 2020 by winning over new air bag customers as many automakers have stopped using air bag inflators made by embattled supplier Takata Corp.
The world's fourth-largest air bag maker is among five bidders offering a financial lifeline to help Takata bear the costs of a massive global recall of its exploding air bags, people with knowledge of the process have told Reuters.
All five bids require Takata to file for bankruptcy protection, they say.
KSS declined to confirm whether it was among... read more

 
5 October 2016 in Business, Views: 40
Source: Reuters
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