Creditors of bankrupt Takata Corp. say the parts maker owes them more than $30 billion after the automotive industry's biggest recall over its faulty air bags — many times more than the company can repay, a court filing seen by Reuters shows.
In the biggest bankruptcy of a Japanese manufacturer, Takata sought court protection from creditors in June as costs and liabilities mounted from almost a decade of recalls and lawsuits.
Its air bag inflators have been linked to at least 18 deaths and 180 injuries around the world because they can rupture and shoot metal fragments into vehicles.