Air bag maker Takata files for bankruptcy in Japan, US

FILE - In this Nov. 6, 2014 file photo, child seats manufactured by Takata Corp. are displayed at a Toyota Motor Corp.'s showroom in Tokyo. Toyota and Nissan Motor Co. are expanding their recalls over problem air bags made by Japanese supplier Takata Corp. Toyota said Wednesday, May 13, 2015, it was recalling nearly 5 million more vehicles globally for the air bag inflator problem. Some 637,000 of them in the United States. In Japan, it is recalling nearly 1.4 million vehicles. (AP Photo/Shizuo Kambayashi, File)

UNDATED (AP) — Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag inflators.

The company announced the expected action Monday morning Tokyo time. Takata confirmed that most of its assets will be bought by rival Key Safety Systems, based in suburban Detroit.

Takata was done in by defective inflators that can explode with too much force when they fill up an air bag, spewing out shrapnel. They’re responsible for at least 16 deaths and 180 injuries and touched off the largest automotive recall in U.S. history.

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