airbag maker takata plummets 55 on bankruptcy fears
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Airbag maker Takata plummets 55% on bankruptcy fears

Arab Today, arab today

Arab Today, arab today Airbag maker Takata plummets 55% on bankruptcy fears

Airbag maker Takata plummets 55% on bankruptcy fears
Tokyo - Arab Today

Takata shares plummeted by 55 percent Thursday on fears the troubled airbag maker plans to file for bankruptcy and sell its assets to a US company.

The company at the centre of the global auto industry's biggest-ever safety recall has tumbled for four straight days and is now worth less than a quarter of its value a week ago.

The shares closed at 110 yen ($1), falling 55 percent from its Wednesday close. 

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