Joyson Safety Systems

Joyson Safety Systems
Formerly
  • Breed Corporation
  • Breed Automotive Corporation
  • Breed Technologies, Inc.
  • Key Safety Systems
Company typePrivate
IndustryAutomotive safety systems manufacturing
PredecessorKey Safety Systems, Takata Corporation
Founded
  • 1961; 63 years ago (1961) (as Breed Corporation)
  • 1986; 38 years ago (1986) (as Breed Automotive Corporation)
  • April 10, 2018; 6 years ago (2018-04-10) in Auburn Hills, Michigan (as Joyson Safety Systems)
Headquarters
Auburn Hills, Michigan
,
United States
Area served
Worldwide
Products
Revenue$7.5 billion
Number of employees
50,000 (2018)
ParentNingbo Joyson Electronic Corp and PAG capital
Websitejoysonsafety.com
Footnotes / references
[1][2][3][4][5]

Joyson Safety Systems (JSS), founded as Breed Corporation and later called Breed Automotive Corporation (BAC), Breed Technologies, Inc. (BTI), and Key Safety Systems (KSS), is an American company which develops and manufactures automotive safety systems. The company is a result of KSS purchasing troubled Japanese airbag company Takata Corporation. It is owned jointly by Joyson Group and PAG. The company headquarters is in Auburn Hills, Michigan, United States. Globally, the company has 50,000 employees across 32 plants and technical centers worldwide.[3] The current[when?] CEO of JSS is Philip Shan.[6][7][8][9]

  1. ^ About us, Joyson Safety Systems, April 18, 2018, archived from the original on April 18, 2018, retrieved April 18, 2018
  2. ^ Tajitsu, Naomi (April 11, 2018). "Key Safety Systems completes deal to acquire air-bag maker Takata". Reuters. Retrieved June 28, 2017.
  3. ^ a b "Joyson and PAG Fund KSS to Acquire Air-Bag Maker Takata in Asset Deal". PRNewsWire. April 11, 2018. Retrieved June 28, 2017.
  4. ^ Kageyama, Yuri (April 12, 2018). "Japanese air bag-maker Takata acquired by Key Safety Systems as president resigns". USAToday. Retrieved June 28, 2017.
  5. ^ Key Safety Systems, Inc. History, Funding Universe, 2006, retrieved April 19, 2018
  6. ^ "About us / Joyson".
  7. ^ Snavely, Brent (June 26, 2017). "A look at Key Safety Systems, the Michigan company buying Takata". Detroit Free Press. Retrieved June 26, 2017.
  8. ^ Snavely, Brent and Lawrence, Eric D. (June 26, 2017). "Takata deal puts Key Safety Systems in line to leap into big leagues". Detroit Free Press. Retrieved June 28, 2017.{{cite news}}: CS1 maint: multiple names: authors list (link)
  9. ^ Key Safety Systems, Press release (June 26, 2017). "KSS and Takata reach agreement in principle..." Archived from the original on November 23, 2017. Retrieved August 13, 2017.