Joyson Safety Systems (JSS), formerly known as Key Safety Systems (KSS) is an American company owned by Chinese investors which develops and manufactures automotive safety systems. The company is a result of KSS purchasing troubled Japanese airbag company Takata Corporation. It is owned jointly by Joyson Group (China) and PAG capital (Hong Kong). The company headquarters is in Auburn Hills, Michigan, United States. Globally, the company has 50,000 employees who work in 32 plants and technical centers worldwide. The current JSS Executive Director and President is Tao Liu. JSS is owned by Ningbo Joyson Electronic, described as a "Chinese automotive conglomerate" that acquired Key Safety Systems in 2016 for $920 million. The combined sales of both companies are more than $3 billion. Ningbo Joyson Electronic competed against other large companies in the industry including Autoliv and Daicel to acquire Takata. History Origins as Breed Automotive Corporation JSS was initially founded as Breed Corporation in 1961 by Allen K. Breed as a defense-oriented producer of ammunition components, including mortar fuses. In 1968 Breed Corporation, using their fuse technology developed an electromechanical airbag sensor. The sensor was not widely used until mid-1980s when the United States government had a federal mandate for passive restraint systems. Following Breed Corporation's success in developing the first automotive crash sensor in 1984, the airbag sensor part of the corporation was spun off as its own corporation in 1986 as Breed Automotive Corporation (BAC). In 1991, the United States Congress decreed that all new cars must be equipped with airbags by 1997. In the same year, BAC changed its name to Breed Technologies, Inc (BTI) and went public on the New York Stock Exchange in November 1992. In 1997, Allen Breed retired as CEO, but continued to serve the company as Chairman Emeritus until his death in December 1999. Breed's wife, Johnnie Breed, would take over as CEO. Between the years of 1994 and 1998, BTI had spent $1.1 billion (equivalent to $ billion in ) to acquire 11 different companies attempting to expand BTI's influence in the automotive component market. One such acquisition in 1997, was the company called AlliedSignal. AlliedSignal established a major presence in the automotive safety restraint market through its Safety Restraints (SRS) operations. The firm was the only supplier of automotive seatbelts and airbags at the time that had complete vertical operations, from fiber extrusion through finished product. SRS Plant in Knoxville