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Steve Daniels
2
APPEARANCES
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Aug 5, 2026
Insiders - Otway Edition
81:23
81:35
81:41
85:24

Steve DanielsGUEST
But so, Hargie, we've left town, and we've come back out to home, and my house is on a – my property is on a bit of a slope.

Steve DanielsGUEST
I've got out walking up towards the house, and I turn around, and the car is moving.

Steve DanielsGUEST
Oh, no. Hargie, did you turn the handbrake on, mate? And he's going, oh, shit, oh, shit, oh, shit.

Paul LiistroHOST
Any other stories that you didn't tell us last time? Or Hargie or Big Bo or anyone who's not here that we can just...
Distressed M&A
5:10
5:27
5:33
5:39
5:45
5:52

Lenny LaRoccaGUEST
So they had to enter the process to try to purchase Takata from in through the bankruptcy and through all the other topics we'll discuss here today.

Steve DanielsGUEST
So one of the more unique things, I think, about the key safety transaction was just the number of stakeholders that were involved.

Steve DanielsGUEST
And so, as Lenny said, it was really every global auto manufacturer was affected.

Steve DanielsGUEST
And because of the certification process for parts, you can't just go out and get a different airbag and put it into the vehicle.

Steve DanielsGUEST
So you have no choice but to use the same airbag that you've been certified to use in the production of that car.

Steve DanielsGUEST
So even though the airbags were exploding in some cases and killing people, the auto manufacturers needed to have a supply of that.
R
10:19Ron E. MeislerMODERATOR
Steve, if you want to talk about the scale of the liability.