The impending bankruptcy of Japanese airbag maker Takata Corp. has been teased at and speculated upon for months. It was never a question of whether the parts supplier would go belly-up after causing the largest automotive recall in history, but how and when.

After furnishing dozens of automakers with airbag inflators what were, in essence, improvised grenades, the multi-million unit recall has left Takata with little recourse. The company has filed for bankruptcy protection in both Japan and the United States, announcing it will sell off the majority of its remaining assets to Key Safety Systems. One of the missing assets will be the equipment relating to the company’s nefarious ammonium nitrate airbag inflators.

The devices, subject to exploding with far too much force and spraying vehicle interiors with metal shrapnel, are responsible for a minimum of 16 deaths, hundreds of injuries, and the ruination of the company.  (Read More…)