Takata Declares Bankruptcy, Assets Sold to Chinese-Owned Key Safety Systems

June 6, 2017 | From The Web, Industry News

Hammered by a safety scandal that led to the largest automotive recall ever – and blamed for at least 16 deaths – Japanese airbag supplier Takata has declared bankruptcy, selling its assets to Key Safety Systems. TheDetroitBureau.com looks at what that means for both consumers and carmakers.

Source:: The Detroit Bureau

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