Bain Capital joins KSS in bid to rescue Takata Corp

TOKYO: US buyout firm Bain Capital has joined Key Safety Systems (KSS) in the US auto parts supplier’s bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags.

Takata is in the process of selecting a financial backer as it faces billions of dollars in costs to replace as many as around 100 million potentially defective air bag inflators that have been linked to at least 16 deaths globally.