Air bag maker Takata said to plan bankruptcy filings as soon as next week

Takata, the air-bag maker behind the biggest safety recall in automotive history, plans to file for bankruptcy as soon as next week, according to a person familiar with the matter. The Japanese company is expected to seek protection in its home country first, with its U.S. subsidiary filing for Chapter 11 bankruptcy shortly thereafter, said the person, who asked not to identified because the matter isn’t public and the timing could change. A representative for the Tokyo-based company couldn’t im...

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