STERLING HEIGHTS, MI – Breed Technologies had one foot in the grave in 1999 when it landed in bankruptcy well before it became a widespread trend among automotive suppliers. Company founder Allen Breed pioneered the mechanical crash sensor that gave rise to airbags, but the Lakeland, FL, supplier could not invent its way out of trouble. Breed stumbled badly under a heavy debt load after its 1997 acquisition of AlliedSignal’s safety restraints business, for $710 million. Creditors and ...
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