Photographer: Joe Raedle/Getty Images

As Takata Fights to Survive, Chinese Company Sees an Opening

  • China's Joyson buys U.S.-based Key Safety for $920 million
  • Joyson sees Key Safety as way into growing car safety business

A little-known Chinese company has seized on the unprecedented global air-bag crisis surrounding Japan’s Takata Corp., buying a small American manufacturer in a bet that a shakeup of an oligarchic industry is under way.

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