Troubled Japanese airbag-maker Takata purchased by supplier Key Safety Systems

25 years of the airbagKey Safety Systems, a Michigan-based supplier of safety components for manufacturers, has agreed to purchase maligned Japanese airbag manufacturer Takata for $ 1.6 billion, The Associated Press reported Tuesday. Takata’s ongoing airbag recall scandal forced the company into bankruptcy earlier this year. Tens of millions of vehicles were…
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