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Why Takata’s bankruptcy benefits your service department

Takata, the Japanese company behind the faulty airbag inflators, filed for bankruptcy protection. Despite the spiraling debt the company has incurred (which is estimated to be around $9 Billion), Karl Brauer, Executive Publisher for Kelley Blue Book, says it won’t free Takata from recall costs, and that’s something that might impact your bottom line in the service department.

 

Watch the full interview from CNBC: https://video.cnbc.com/gallery/?video=3000630543

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CBT News
CBT News
For over 10 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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