Air bag maker Takata files for bankruptcy in Japan, US

In this May 10, 2017 photo, a visitor walks past the logo of Takata Corp. at a Toyota showroom in Tokyo. Japanese air bag maker Takata Corp. filed for bankruptcy protection in Tokyo on Monday, June 26, 2017 and the U.S., drowned in a sea of lawsuits and recall costs. (AP Photo/Shizuo Kambayashi)

UNDATED (AP) — Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag inflators.

The company announced the expected action Monday morning Tokyo time. Takata confirmed that most of its assets will be bought by rival Key Safety Systems, based in suburban Detroit.

Takata was done in by defective inflators that can explode with too much force when they fill up an air bag, spewing out shrapnel. They’re responsible for at least 16 deaths and 180 injuries and touched off the largest automotive recall in U.S. history.

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