US Judge approves Takata bankruptcy exit plans
Approval paves way for planned sale of Japanese supplier’s non-inflator business to Key Safety Systems
TK Holdings, the US unit of Japanese supplier Takata Corporation, has received court approval for its bankruptcy exit plan, Reuters reported on Sunday (18 February) citing a plaintiffs’ law firm. The approval paves way for the Japanese supplier’s planned sale of its non-inflator assets to Key Safety Systems and provides compensation for those injured by the company’s defective airbags.
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