Takata files for application of the Civil Rehabilitation Law.
June 26, 2017, Tokyo, Japan - Japan's automobile parts maker Takata president Shigehisa Takata announces the company's bankruptcy at a press conference in Tokyo on Monday, June 26, 2017. Takata filed for bankruptcy protection, Japan's largest failure of manufacturing sector, to Tokyo district court as a global recall of the company's automotive air bags. (Photo by Yoshio Tsunoda/AFLO) LwX -ytd-