Auto News 5

A consortium led by its parent Ningbo Joyson Electronic Corporation (Joyson Electronics) and PAG, an Asia based private equity firm and Future Industry Investment Fund (SDIC) provided the funding to Key Safety Systems (KSS) to successfully complete the acquisition of substantially all of the global assets of Japan-based Takata Corporation, a leading global supplier of vehicle safety systems including seat belts, airbags, steering wheels and child seats as well as other automotive products, out of cross-border bankruptcies in the US and Japan.