Tokyo — Takata executives faced angry investors on Tuesday after the company at the centre of the world’s biggest car safety recall filed for bankruptcy and said it was being bought by a US company. The filing all but destroys any value left in the Japanese airbag maker’s shares, which will be delisted from the Tokyo stock exchange in July. Many who attended the shareholder meeting on Tuesday expressed outrage at how the car parts company handled the crisis caused by a defect in the firm’s airbags that has been blamed for at least 16 deaths and scores of injuries. "I’m resigned to it now that my anger has subsided. That time has passed," said one investor who declined to give his name, outside the meeting, which was closed to media. "Why couldn’t they have addressed these issues faster, when the recalls first emerged back in 2008 and 2009?" On Monday, Takata said it had filed for bankruptcy protection and would be bought by US car parts maker Key Safety Systems (KSS), which is owned...
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