Takata Corp Chairman and CEO Shigehisa Takada (C), company senior officials and lawyers attend a news conference after the company's decision to file for bankruptcy protection in Tokyo, Japan.
Japanese auto parts maker Takata Corp apologised on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firm's last annual shareholder meeting as a listed company.
Takata has filed for bankruptcy protection in Japan and the United States and agreed to be largely acquired for $1.6 billion by the Chinese-owned US-based Key Safety Systems.
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Published on June 27, 2017
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