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Takata Chairman and CEO Shigehisa Takada and other executives bow in apology at a June 26 press conference.
Business

Failure to learn Toyota lessons cost Takata big

Misjudgement of U.S. public opinion led to bankruptcy filing

TAKESHI SHIRAISHI, Nikkei staff writer | China

TOKYO -- Japanese air bag maker Takata filed for bankruptcy protection with the Tokyo District Court on Monday, more than 10 years after acknowledging a serious problem with defective products.

The scandal progressively worsened as the company failed to learn lessons from similar problems encountered in the U.S. by Toyota Motor and Bridgestone, and completely misjudged the public's reaction, not to mention that of the authorities.

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