Takata Reaches Agreement to Pay Compensation for Injured Drivers and Passengers from Airbag Defect
Automakers and Key Safety Systems (the company acquiring Takata’s viable business assets) have agreed upon a deal that will end the bankruptcy for Takata Corp’s U.S. unit, TK Holdings Inc. The agreement includes a trust that will be established to pay compensation for those injured or killed by defective Takata airbags. Compensation will vary based