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Takata bankruptcy would cloud auto industry's biggest recall

US bankruptcy laws permit a would-be buyer to acquire Takata's desirable assets

Kevin Buckland Masatsugu Horie & Ryan Beene 

The expected bankruptcy of troubled airbag maker Takata isn’t just a crisis for its employees and suppliers. It also throws a wild card into one of the biggest and most complicated recalls in automotive history.   The Japan-based auto supplier has pledged to recall and replace tens of millions of defective air-bag inflators used by 19 car and truck makers around the world, from Tesla to Toyota Motor. A filing to restructure in US bankruptcy court, which could come as early as Monday according to people familiar with the matter, doesn’t relieve a manufacturer of recall ...

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First Published: Sat, June 24 2017. 20:30 IST
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