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Overwhelmed By Air Bag Troubles, Takata Files For Bankruptcy Protection

Takata CEO Shigehisa Takada speaks during a news conference in Tokyo on Monday, as the Japanese air bag maker is seeking bankruptcy protection in Japan and the U.S. The company has been under financial pressure from lawsuits and recall costs related to its of defective air bag inflators. (AP)
Takata CEO Shigehisa Takada speaks during a news conference in Tokyo on Monday, as the Japanese air bag maker is seeking bankruptcy protection in Japan and the U.S. The company has been under financial pressure from lawsuits and recall costs related to its of defective air bag inflators. (AP)

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