AdvertisementOverwhelmed By Air Bag Troubles, Takata Files For Bankruptcy ProtectionJune 25, 2017Emma BowmanfacebookEmailTakata 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)