Takata shares untraded with heavy sell orders, Key Safety Systems in picture

Key Safety Systems (KSS) is global leader in system integration in turn effective for automotive and non-automotive markets.

Nikkei business daily reports the news of Key Safety Systems and brief that Japan Takata Corporation shares one fifth value in February 2017.

Headquarters of KSS located in Sterling Heights, Michigan and company possess five technical centers in China, Germany, Japan, United States and South Korea. Steering committee lead selection process remark Takata’s automaker clients.

Company value is 325 million and statement from last week were denied by Takata that KSS as sponsor and court-led restructuring as way forward.

Liabilities are estimate by some experts to be court-led restructuring disputes affect the ability for paying suppliers. Swedish air bag maker Autoliv Inc has been bidding to lead Takata.