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Airbag maker Takata dives 20% on bankruptcy fears

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AFP Tokyo
Takata shares dived again today, losing one-third of their value in just two days of trading on reports the troubled airbag maker will file for bankruptcy protection and sell its assets to a US company.

The embattled stock finished the day at 324 yen (USD 2.90), tumbling by nearly 20 percent -- its maximum daily loss limit -- on the Tokyo Stock Exchange, after it plunged 16.5 per cent yesterday.

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First Published: Jun 20 2017 | 1:02 PM IST

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