Troubled airbag maker Takata plummets more than 50%
Takata shares
Tokyo - Egypt Today
Takata shares plummeted 52.9 percent in early trade Thursday in response to news reports that the troubled airbag maker plans to file for bankruptcy and sell its assets to a US company.
The Nikkei business daily has said the company, with liabilities exceeding one trillion yen ($9 billion), would make a formal decision about the bankruptcy filing at a board meeting this month.
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