Takata gets a new name and fresh start, but faces tough road

China's Ningbo Joyson completes buyout of air bag maker fingered in crashes

20180412_Takata CEO

Shigehisa Takada, chief executive and grandson of Takata's founder, resigned from his role as president and chairman. 26 Jun,2017

Nikkei staff writers

TOKYO -- Japanese air bag maker Takata said Thursday that it has transferred all its assets and businesses to Key Safety Systems of the U.S.

The shares of the company, which had been under court-led rehabilitation, were delisted from the Tokyo Stock Exchange last July after faulty Takata air bags were tied to multiple accidents, some of them deadly.

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