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Airbag maker Takata shares dive on bankruptcy fears

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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