Airbag maker Takata shares plunge nearly 20% on bankruptcy report

Tokyo (AFP) - Takata shares dropped nearly 20 per cent on Thursday (April 27) 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 per cent to 412 yen - the daily limit loss of 100 yen - after the Tokyo Stock Exchange lifted a trading suspension in the afternoon.