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The exterior of the U.S. Department of Justice headquarters building in Washington.   © Reuters

What to expect after Takata's bankruptcy filings

An explainer on the air bag maker's second life

| Japan

TOKYO -- Takata's turnaround involving the sale of core operations to a sponsor is much like a dissolution. Here are some key facts to know now that the Tokyo-based air bag manufacturer has filed for bankruptcy protection in Japan and the U.S.

Q: What happens with restitution to individuals and automakers in the U.S., which suffered numerous fatalities linked to Takata air bag inflators?

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