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Japanese autoparts maker Takata announced Monday it had filed for bankruptcy protection, leaving vast debts.
Business

Trimmed-down Takata to focus on repaying debts

Autoparts maker will retain troubled air bag ops, sell other core businesses

| Japan

TOKYO -- Takata will sell off key operations and concentrate on paying back creditors, management said Monday, with the company's long air bag debacle beginning a new act as it files for bankruptcy protection.

Some of the Japanese autoparts manufacturer's air bags have been found to explode and expel shrapnel under certain conditions, and are linked to several deaths.

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