Key Safety Systems

Troubled Japanese car parts maker Takata has filed for bankruptcy protection in the United States and Japan. It faces lawsuits and tens of billions of dollars in costs over an airbag defect linked to at least 17 deaths globally.

Japanese auto parts maker Takata Corp expressed condolences on June 27 to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world, but stopped short of offering a full apology. 

Japan's crisis-hit car parts maker Takata filed for bankruptcy protection on June 26 and said its chief executive would quit after a deadly airbag crisis that triggered the auto industry's biggest ever safety recall.