Japanese airbag maker Takata files for bankruptcy
Air bag maker Takata has filed for bankruptcy protection in Japan and the US, overwhelmed by lawsuits and recall costs over defective air bag inflators linked to the deaths of at least 16 people.
The Japanese company announced the move on Monday morning and confirmed that most of its assets will be bought by rival Key Safety Systems, based in Detroit, for about 1.6 billion US dollars.
