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Takata bankruptcy News

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The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company`s exploding airbags, which were part of the largest auto safety recall ever.
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Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
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Takata shares dived again on Tuesday, losing one-third of their value in just two days of trading on reports the troubled airbag maker will file for bankruptcy protection and sell its assets to a US company.
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Takata, one of the world`s biggest automotive suppliers, has been working for months to complete a deal with Key Safety.






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