Most expensive recall in history forced Japanese auto company Takata to file for bankruptcy [FOX Business Network]
Toyota Motor Corporation (TM)
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Source: FOX Business Network
Takata filed for bankruptcy amid "the largest and most complex safety recall in U.S. history," according to the National Highway Traffic Safety Administration (NHTSA). Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple of weeks or months to conclude. In fact, the recall is still ongoing, with millions of vehicles still on the road containing the deadly airbags. Read more about Takata's recall and the cars impacted below. What happened to Takata? What cars are affected by Takata airbags? How many cars were affected by the Takata airbag recall? 1. What happened to Takata? The Japanese automotive parts company, Takata, filed for bankruptcy in June 2017, according to Reuters, following several years of a multibillion-dollar recall. Takata agreed to be acquired, in large part, for $1.6 billion by Key Safety Systems, according to Reuters. The bi
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