67050
Takata Stocks Plummet Further
Takata Stocks Plummet Further

Takata Stocks Plummet Further

Takata Stocks Plummet Further

Takata suffered another crushing collapse on Thursday, plummeting more than 50% on fears the troubled airbag maker at the center of the auto industry’s biggest-ever safety recall is headed for bankruptcy, Reuters reported. The Tokyo-based auto parts giant, facing lawsuits and huge recall-related costs over a bag defect linked to at least 16 deaths globally, has tumbled for four straight days. It is now worth less than a quarter of its value from just a week ago when a report by Japan’s leading Nikkei business daily said it would seek bankruptcy protection and sell its assets to a US company. At Thursday’s close, the embattled stock had plummeted 55% to 110 yen ($1) from a day earlier.

 

Short URL : https://goo.gl/B2Jg11
  1. https://goo.gl/LFDkEw
  • https://goo.gl/gTFVBc
  • https://goo.gl/ubTBKS
  • https://goo.gl/HeC916
  • https://goo.gl/vjw5Y3

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus