Takata went bankrupt. Another Company has taken over..
"The 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 auto-parts 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. Takata filed on Monday for bankruptcy protection in the US and Japan and announced a takeover by Key Safety Systems for 175 billion yen (A$2.07billion).
The filing to restructure, which listed more than $13 billion in liabilities, doesn't relieve a manufacturer of recall responsibilities. However, should its financial assets be exhausted before all the work is done, carmakers may have to cover the difference.
US bankruptcy laws permit a would-be buyer to acquire Takata's desirable assets, but not necessarily assume unwanted liabilities - including recall obligations, according to Robert Rasmussen, a University of Southern California law professor specialising in corporate reorganisations."
https://www.drive.com.au/motor-news/...0170626-gwylc9