Japanese airbag maker Takata files for bankruptcy, gets Chinese backing

June 26, 2017 by  
Filed under News

Japan’s Takata Corp , at the center of the auto industry’s biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

Source: Reuters Business News

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