Takata Has Finally Filed For Bankruptcy Over Recall
The Takata airbag recall that’s been going on for months may finally be coming to an end. Japanese airbag maker T Corp., who owns Takata, has filed for bankruptcy protection in both Tokyo and in the U.S. after being overwhelmed by lawsuits and costs related to all the recalls of defective air bag inflators. Takata also confirmed that the majority of its assets are going to be bought by its rival, Key Safety Systems, which is based in Detroit for $1.6 billion.
And while the filing won’t cut any Takata jobs or close any of its facilities, the Takata corporate name may not live after the bankruptcy. Let us know in the comments if you think they did the right thing by filing.
This week Katie welcomes Rislone spokesperson and reality TV star Bobby Janiec as they present to you the Rislone RS700 Mustang that you can enter to win. Built by Engine Power, this Pony makes over 700 horsepower at the crankshaft, with the help of a Pro Charger Stage Two kit.
Bobby will explain how this Mustang comes with Rislone’s new Nano Prime fully synthetic high-performance engine and oil treatment. Pat Topolinski will drop by to talk about the build too. The contest is open now so sign up.