Takata shares dived 16.5 per cent Monday in response to news reports that the troubled airbag maker plans to file for bankruptcy and sell its assets to a US company.
The stock finished the day at 404 yen (£2.84), tumbling by its maximum daily loss limit on the Tokyo Stock Exchange.
The Nikkei business daily has said the company, with liabilities exceeding one trillion yen, would make a formal decision about the bankruptcy filing at a board meeting this month.
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