Takata files for bankruptcy, overwhelmed by air bag recalls

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Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators that are linked to the death of at least 16 people.

The company announced the expected action Monday morning…

fromhttp://www.baltimoresun.com/business/ct-takata-bankruptcy-20170625-story.html

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