Takata to file for bankruptcy, be acquired by Key Safety

After more than a year of negotiations, Key Safety Systems has reached a deal to acquire Takata for $1.59 billion as part of a prepackaged bankruptcy in the U.S. and Japan.


Audi top management criticized in internal dossier, paper says

Audi's executive board, including CEO Rupert Stadler, shows no signs of being ready for a fresh start after the brand became embroiled in VW Group's diesel scandal, company managers say, according to a German newspaper report.

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