Airbag maker Takata plummets 55% on bankruptcy fears
TOKYO - 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.
