As the company with the biggest exposure to air-bag recalls and the deaths and injuries caused by the faulty devices, Honda has the most to lose in negotiating the cost-sharing needed to find suitors for Takata.
The device that was recalled, called the HVAD System, takes over for a failing heart. One patient may have died because of a flaw where moisture can penetrate the mechanical pump through loose power or data connectors.
Shahid Khan is most famous for being the mustachioed owner of the Jacksonville Jaguars. Before he bought the team, though, he built Flex-N-Gate into a top auto-parts supplier and is now setting his sights on buying airbag maker Takata.
The Justice Department is reportedly trying to reach a settlement with Volkswagen by January, with the government assessing how much of a criminal fine it can extract from the German auto giant without putting it out of business.