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Takata Corp.

, the Japanese company facing billions in liabilities stemming from its defective airbag inflators, is preparing to file for bankruptcy as early as next week as it works toward a deal for financial backing from U.S. auto parts maker Key Safety Systems Inc., sources told Reuters on Thursday.

The plans were first reported by the Nikkei news service in Japan. Bloomberg also reported on the plans.



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Takata To Go Belly Up As Early As Next Week

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