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Airbag maker Takata dives 20% on bankruptcy fears

AFP  |  Tokyo 

Takata 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 20 2017. 13:02 IST