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Takata edges toward US$1.6 billion sale despite creditor fears

By Declan Bush

06 December 2017

Takata edges toward US$1.6 billion sale despite creditor fears Mexico City iStock.com/Alija

A US bankruptcy court has passed an amended plan allowing embattled car parts maker Takata to take “pre-restructuring steps and transactions” amid efforts to prepare for its US$1.6 billion sale.