TOKYO--Shattered by recall costs and lawsuits, Japanese air bag maker Takata Corp. filed Monday for bankruptcy protection in Tokyo and the U.S., saying it was the only way it could keep on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people.
China’s auto industry is booming, and one company faced with the challenge of keeping up is Yanfeng Visteon Nanjing Automotive Trim Systems Co. Ltd. Founded in 2010, Yanfeng Visteon develops and manufactures a wide range of interior trim components, including dashboards, cockpit systems and consoles.