The guilty plea will hurt the company’s ability to defend itself against lawsuits brought by shareholders and consumers. Advertisement Continue reading the main storyStill, the deal announced on Friday goes a long way toward resolving a crisis that has been looming over Takata. The Japanese news media had speculated that a “Rising Sun alliance” of Japanese carmakers might bail out Takata, led by Honda, Takata’s largest customer. Part of the growing openness to money from abroad comes from the fact that Japanese companies are themselves looking outside their home market. Japanese buyers have been scooping up companies like breweries and package delivery services globally in recent years to offset a shrinking domestic market.

Source: New York Times January 16, 2017 01:17 UTC