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A troubled airbag maker's bumpy road to bankruptcy filing
Published Mon, Jun 26, 2017 · 09:50 PM
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Tokyo
TAKATA Corp filed for bankruptcy protection, paving the way for a restructuring of the troubled Japanese airbag maker as it looks to tide over the biggest safety recall in automotive industry.
It agreed to sell its businesses and assets to Chinese-owned Key Safety Systems Inc for 175 billion yen (S$2.2 billion).
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