Takata files for bankruptcy protection amid air bag recall crisis

Japanese Minister of Economy, Trade and Industry Hiroshige Seko speaks to reporters in Tokyo on June 26, 2017, in response to Takata Corp.'s filing for bankruptcy protection. Seko said he has instructed ministry officials to set up a "safety net" for small- and mid-sized companies that could be affected by Takata's decision, which marks the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

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2017/6/26 11:27:15

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Takata files for bankruptcy protection amid air bag recall crisis

Takata Corp. Chairman and Chief Executive Officer Shigehisa Takada bows in apology at a press conference in Tokyo on June 26, 2017, after the auto parts supplier announced it has filed for bankruptcy protection. Battered by a global recall of its defective automotive air bags, Takata's overall debt is estimated at over 1 trillion yen, marking the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

Takata files for bankruptcy protection amid air bag recall crisis

Takata Corp. Chairman and Chief Executive Officer Shigehisa Takada (L) and other executives bow in apology at a press conference in Tokyo on June 26, 2017, after the auto parts supplier announced it has filed for bankruptcy protection. Battered by a global recall of its defective automotive air bags, Takata's overall debt is estimated at over 1 trillion yen, marking the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

Takata files for bankruptcy protection amid air bag recall crisis

Takata Corp. Chairman and Chief Executive Officer Shigehisa Takada attends a press conference in Tokyo on June 26, 2017, apologizing over the auto parts supplier's filing for bankruptcy protection. Battered by a global recall of its defective automotive air bags, Takata's overall debt is estimated at over 1 trillion yen, marking the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

Takata files for bankruptcy protection amid air bag recall crisis

Japanese Minister of Economy, Trade and Industry Hiroshige Seko (C) speaks to reporters in Tokyo on June 26, 2017, in response to Takata Corp.'s filing for bankruptcy protection. Seko said he has instructed ministry officials to set up a "safety net" for small- and mid-sized companies that could be affected by Takata's decision, which marks the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

Takata files for bankruptcy protection amid air bag recall crisis

Japanese Minister of Economy, Trade and Industry Hiroshige Seko speaks to reporters in Tokyo on June 26, 2017, in response to Takata Corp.'s filing for bankruptcy protection. Seko said he has instructed ministry officials to set up a "safety net" for small- and mid-sized companies that could be affected by Takata's decision, which marks the biggest-ever corporate failure by a Japanese manufacturer. (Kyodo) ==Kyodo

Takata files for bankruptcy protection

Photo taken in April 2013 shows Takata Corp Chairman Shigehisa Takada. The Japanese air bag maker filed for bankruptcy protection on June 26, 2017. (Kyodo) ==Kyodo

Takata files for bankruptcy protection

Photo taken June 26, 2017, shows Takata Corp.'s head office in Tokyo. The air bag maker filed for bankruptcy protection the same day. (Kyodo) ==Kyodo

Takata eyes filing for bankruptcy protection soon

Photo taken June 16, 2017, shows the building housing the Tokyo headquarters of Japanese air bag maker Takata Corp. The company plans to file for bankruptcy protection, possibly on June 26, to address massive liabilities following a global recall of its air bags, sources close to the matter said June 22. (Kyodo) ==Kyodo