Airbag maker Takata files for bankruptcy, says it will be bought for $1.6 billion – Business Insider


Business Insider
Airbag maker Takata files for bankruptcy, says it will be bought for $1.6 billion
Business Insider
Jason Luo, president and CEO of KSS, said in a statement the “underlying strength” of Takata’s business had not diminished despite the airbag recall, citing its skilled employee base, geographic reach and other safety products such as seat belts.
Takata, Unable to Overcome Airbag Crisis, Files for Bankruptcy ProtectionNew York Times

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