Takata, Japan's airbag giant, files for bankruptcy protection

The Tokyo-based car parts giant is facing lawsuits and huge costs over an airbag defect linked to at least 16 deaths globally

Japan’s crisis-hit car parts maker Takata has filed for bankruptcy protection, after deadly faults in its airbags triggered the industry’s biggest ever safety recall.

The Tokyo-based car parts giant is facing lawsuits and huge costs over an airbag defect linked to at least 16 deaths globally. News reports have said its liabilities would exceed 1tn yen ($9bn). Immediate confirmation was not available.

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