Airbag maker Takata files for bankruptcy in Japan and US, seeking $1.6B aid from Key Safety Systems

http://www.cnbc.com/2017/06/25/takata-files-for-us-chapter-11-bankruptcy-in-delaware-expected-to-file-in-japan-soon.html


Japan's Takata Corp, the firm 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 would be bought for $1.6
billion by U.S.-based Key Safety Systems.