Takata sees end of the road

|About: Takata Corp. ADR (TKTDQ)|By:, SA News Editor

Trading in shares of Japan's Takata (OTCPK:TKTDY) was suspended today on reports the embattled air bag supplier was considering filing for bankruptcy protection and would eventually be liquidated.

The plan would call for Key Safety Systems to sponsor the turnaround, according to Nikkei, spending nearly ¥200B ($1.8B) to create a company that would buy Takata's operations.