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Takata granted reprieve as court extends Chapter 11 filing period and freeze on lawsuits

By Jessica McKay

21 November 2017

Takata granted reprieve as court extends Chapter 11 filing period and freeze on lawsuits

Airbag (stock image) iStock.com/nikkytok

Beleaguered Japanese car parts manufacturer Takata has been successful in its bid to secure more time to file a Chapter 11 plan and stay lawsuits from individuals over faulty airbag inflators.