The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company’s exploding airbags, which were part of the largest auto safety recall ever. The United States has been by far the hardest hit by the scandal over the defective airbags, which in some cases exploded with deadly … Read more
Takata shares plummeted by more than 50 percent in early trade 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 … Read more
Takata shares plunged again Wednesday, losing almost half of their value in just three days of trading on reports the troubled Japanese airbag maker will file for bankruptcy protection and sell its assets to a US company. Takata, at the centre of the auto industry’s biggest ever safety recall, finished at 244 yen, tumbling by … Read more
Takata shares dropped nearly 20 percent on Thursday after a media report said the embattled Japanese airbag maker was considering filing for bankruptcy protection and then rolling its key businesses into a new company. The stock price fell 19.53 percent to 412 yen ($3.70) — the daily limit loss of 100 yen — after the … Read more