Airbag maker Takata dives 20% on bankruptcy fears

Takata shares dived again on Tuesday, 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.

PTI| Updated: Jun 20, 2017, 13:01 PM IST

Tokyo: Takata shares dived again on Tuesday, 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 percent yesterday.