Airbag maker Takata dives 25% on bankruptcy fears
Takata shares plunged
Tokyo - Egypt Today
Takata shares plunged again Wednesday, losing almost half of their value in just three days of trading on reports the troubled Japanese airbag maker will file for bankruptcy protection and sell its assets to a US company.
Takata, at the centre of the auto industry's biggest ever safety recall, finished at 244 yen, tumbling by nearly 25 percent -- its maximum daily loss limit -- on the Tokyo Stock Exchange, after eye-popping falls on Monday and Tuesday.
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