UPDATED: 6/25/17 9:30 pm ET - adds details

Takata files for bankruptcy, agrees to be acquired by Key Safety

Takata filed for bankruptcy protection in Japan and the U.S., saying it would sell key assets to U.S. supplier Key Safety Systems for $1.59 billion.


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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