Takata declares insolvency in face of airbag recall costs | All media content | DW | 26.06.2017
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Business

Takata declares insolvency in face of airbag recall costs

The Japanese auto supply company whose airbags were blamed for killing at least 17 people around the world, filed for bankruptcy in the US and Japan on Sunday. Most of Takata's assests will be sold to a Chinese-owned American rival for 1.6 billion dollars.

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