the completed its $1.6 billion deal with ta kata.ompany completed its $1.6 billion deal with takata. the company will be renamed joyce and safety systems and it excludes relations related to the insulators that have been linked to deaths around the world. new company will be based in michigan. as you say, takata will be based in michigan. as you say, ta kata was will be based in michigan. as you say, takata was once upon a time the world ‘s third—largest airbag maker and it also produced seatbelts, steering wheels, child seats but it endured years of recalls and criminal investigations that lead to bankruptcy. this deal now ensures that the japanese company will be able to continue producing replacement inflator is before winding itself down which may potentially take years. the chinese pa rent potentially take years. the chinese parent company of key safety systems provided most of the funding to acquire most of the takata operation systems. and they will have more scale now to compete with industry leaders. that story has been quit