The Traderszone Network

Published in TZ Latest News 20 August, 2015 by The TZ Newswire Staff

Exclusive: Toyota to buy 13 million air-bag inflators from Takata rival – sources

Toyota Motor Corp , in a bid to reduce its risk from potentially lethal air-bag inflators supplied by Takata Corp (7312.T), will buy millions of them from smaller parts maker Nippon Kayaku Co (4272.T), people familiar with the matter said. The Japanese carmaker asked the second-tier supplier last month to increase production so it can supply Toyota with more than 13 million inflators from next July until 2020, said a person with direct knowledge of the deal and a second individual who was briefed on it.

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