Takataâs lethally defective air bags proved to be the companyâs undoing Monday. But it could take years to get the dangerous devices off the road in the U.S. and around the world.
Crushed by lawsuits, fines and recall costs, the Japanese auto parts supplier filed for bankruptcy in Tokyo and Delaware and will sell most of its assets for $1.6 billion to a rival company. A small part of Takata will continue to manufacture replacements for the faulty air bag inflators.
The problem, though, is that 1...
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