Troubled airbag manufacturer Takata files for bankruptcy

Takata logo (photo by Flickr user jo.schz)Troubled Japanese parts supplier Takata has filed for bankruptcy protection in Japan and the United States. Takata’s debts have spiraled to an estimated $9 billion due to the massive recall program for defective airbags supplied to almost two dozen automakers and used in an estimated 100 million vehicles across the globe. At its peak, Takata…

Via: http://www.motorauthority.com/news/1111219_troubled-airbag-manufacturer-takata-files-for-bankruptcy

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: