Honda’s Dumping of Takata Good Example of the Unexpected

by | Nov 4, 2015 | Business Owners/CFOs, Business Owners/CFOs | 0 comments

One of the major business stories yesterday was the announcement Takataby Honda that it will no longer buy air bags from Takata Corporation. The announcement came after a number of problems and deaths from faulty air bags supplied by Takata.

This is a very visible example of how a large, publicly-traded and financially successful company can immediately become a credit risk because of an unforeseen event. I hope that suppliers to Takata are carrying credit insurance because with Honda no longer ordering, cash may get tight!

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