Takata Corp (7312.T) has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said.

Japanese chemical maker Daicel Corp (4202.T), China’s Ningbo Joyson Electronic Corp (600699.SS) – the parent of Michigan-based air-bag maker Key Safety Systems – and global funds KKR & Co (KKR.N) and Bain Capital LP are among the groups presenting detailed turnaround plans to Takata, eight people familiar with the process, including two directly involved, told Reuters.

The shortlisting is a sign of progress in protracted efforts to restructure Takata, whose faulty air bags are linked to the deaths of at least 14 people and have sparked the biggest auto recalls ever. As many as 30 had showed initial interest as of June in rescuing the company.

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