Takata settles with injured drivers to exit bankruptcy


CLOSE Scandal-plagued airbag maker Takata Corp. filed for bankruptcy in Delaware and Japan late Sunday, June 25, after paying out over $1 billion in fines for the largest auto safety recall in U.S. history.
NEW YORK — Takata Corp's U.S. unit has reached a settlement with representatives of those injured by lethally defective air bags, paving the way for the company to exit Chapter 11 bankruptcy and move forward with a reorganization plan, according to court documents.
The agreement between the Japanese auto parts suppliers, injured drivers and creditors, was outlined in documents filed in a... read more

 
12 February 2018 in Business, Views: 28
Source: Usa Today
 


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