Catch up with all the Business News in the World Business report. The biggest recall in automotive history leads to the bankrupcty courts. Japans takata has had to recall more than 100m airbags across the world. Yet another italian rescue job. Two more banks get Government Bailouts the third time thats happened in a year. Is it isita is it a sign of more trouble for the eurozone . Welcome to World Business report. Im susannah streeter. The Japanese Company behind the biggest recall in Car Making History has filed for bankruptcy. Takatas airbags were first found to be faulty in 200a. Theyve were used by 13 of the worlds biggest carmakers who have all agreed to proceedings which have seen takata file for bankruptcy with courts in both tokyo and the us city of delaware. Worldwide, more than 100 million takata airbags which can rupture with deadly force and spray shrapnel at passengers have been recalled. The faulty airbags have been linked to at least 17 deaths and more than 100 injuries
Could be under threat. Let us know, do you buy fair trade goods to do good or really just to feel good . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. The Japanese Company behind the biggest recall in Car Making History has filed for bankruptcy. Takatas airbags were first found to be faulty in 200a. They were used by 13 of the worlds biggest car makers who have all agreed to Bankruptcy Proceedings in courts in both tokyo and the us. This ceo ta kata this ceo takata said this morning he would step down. Worldwide more than 100 million takata airbags, which can rupture with deadly force and spray shrapnel at passengers, have been recalled. The faulty airbags have been linked to at least 17 deaths and more than 100 injuries worldwide. Its all been an expensive saga. 9 billion is the estimated cost according to japans nikkei newspaper. The firm key Safety Systems has now bought all of takatas assets except those relating to the faulty airbags for almost 1. 6 billion.