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Unread 06-26-2017, 10:27 PM   #1
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Default Takata Files for Bankruptcy

It’s official: Takata has filed for bankruptcy protection in the U.S. and Japan. After months of searching for a buyer, the struggling airbag company has agreed to sell its assets to Key Safety Systems, a Michigan-based supplier. KSS announced it will buy “substantially all” of Takata’s assets in a deal worth approximately $1.59 billion. Notably, […]

The post Takata Files for Bankruptcy appeared first on Motor Trend.



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