Takata likely to file for bankruptcy amid losses from faulty airbag recalls
Posted On: Jun. 16, 2017 4:00 AM CSTJapanese automobile equipment firm Takata Corp. is likely to file for bankruptcy soon as it struggles to replace faulty airbags in about 100 million cars recalled across the world, Wheels reported citing Bloomberg. Takata has struggled financially since the wider airbag scandal broke in 2013, and is reported to be carrying more than $9 billion in debt.