Takata Corp., the supplier of rupture-prone air bags linked to numerous deaths and injuries, is preparing to seek bankruptcy protection as soon as Sunday with a tentative deal to sell operations to a rival, people familiar with the matter said. The Japanese automotive supplier, in a long-expected move to address mounting liabilities from an unprecedented safety recall, is putting the finishing touches on a bankruptcy petition...

Source: Wall Street Journal June 23, 2017 19:52 UTC