You've probably heard the news that Takata, the Japanese company that made tens of millions of defective air bags, has filed for bankruptcy protection. This clears the way for Takata to sell its main assets to a company in Detroit.

So what does this mean for you, if you're waiting to have your car's potentially dangerous Takata airbags replaced?

Reporter Paul Eisenstein with The Detroit Bureau says, it could actually speed up the process.

"What everybody is hoping is that now with a bit more stable situation, a new owner and more cash, Takata will be able to actually ramp up production of replacement air bag inflators, Eisenstein said. A shortage of those inflators has been one reason why barely a third of the people who own vehicles with those defective airbags have been able to get repairs so far."

Takata said it plans to maintain control of its airbag business and will continue production until the demand for replacement airbags has been met. Unfortunately, it might take years for that to happen.

More Info: Takata Declares Bankruptcy, Assets Sold to Chinese-Owned Key Safety Systems

What Does Takata Sale and Airbag Recall Mean to You?

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What does Takata bankruptcy mean to you? - KOMO News