Takata has filed for bankruptcy in the U.S. and Japan after failing to recover from one of the worst auto safety scandals ever. Takata Japanese auto parts company logo
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Takata, Brought Down by Airbag Crisis, Files for Bankruptcy
The company at the heart of one of the worst auto safety scandals in history has filed for bankruptcy. Japan's Takata was brought down by the huge cost of its exploding airbag crisis. The company's faulty airbag inflators, which can blast shrapnel into drivers and passengers, have resulted in the recall of tens of millions of vehicles and been linked to 11 deaths in the U.S. and several others elsewhere.
