Japan Suffers Record Manufacturing Bankruptcy With Takata: Chart

The story of Takata Corp.’s tumble from its position as a Japanese manufacturing legend is told nowhere with more efficiency than in the multiple-choice question on page four of its filing for bankruptcy protection in Delaware. For estimated liabilities, the maker of faulty air-bags checked the box for "$10,000,000,001 - $50 billion," making it Japan’s biggest corporate failure in the manufacturing sector in the postwar era. The final cost as Takata winds its way through the courts will come down to how much the company will need to pay for millions of recalled air bags that have been linked to more than a dozen deaths.

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