Takada shares rose after the lender expressed support,

Posted on 1/9/2015 5:34:43 PM

Takata Corporation, airbag manufacturers to bring the world's car manufacturers recall of millions of vehicles, the share price rose to the highest price in more than two months as a major lender said it would support provider, if the issue fails.

Takada spread rose 7 percent on Wednesday, the current gain of 13% to 1848 yen, which since October 20, Sumitomo Mitsui Financial Group, one of the highest levels in the banking sector loans Takada, close contact with suppliers and will monitor the situation, Masayuki Austria, the group's president, said this week in tokyo an industry conference.

Airbag deployment Takada found too hard to do, passengers cast metal parts. Takata airbag has been linked to at least five people died in the United States and Malaysia, which led to recall more than 200,000 vehicles. Shares parts maker with memory and will promote the company's compensation costs associated with the closure of the loss of more than half of last year's value.

"Withdrawal and requirements have put pressure on the capital and financial Takada, market risk and other factors" Tomone Hanoi, chief investment officer Weru asset management company, said by telephone. SMBC arrangements to support Takada been "positive response" by the market, and now, he said.

Honda Motor Company, which is the main customer Takada and 1.2% of the shares, also said he is willing to help ensure Takada may continue to operate, the Nikkei newspaper reported last month, citing an interview with Honda President Takanobu Ito.

Post a comment

Hello guest, care to post a comment?