Takata Share Prices Fall As Auto Makers Signal Avoidance of Takata Air Bags
Posted on Nov 5, 2015 in Industry News | Comments Off on Takata Share Prices Fall As Auto Makers Signal Avoidance of Takata Air Bags
After Mazda, Subaru, and Mitsubishi automakers indicated that they would no longer use Takata air bags, Takata Corp. experienced a drop in its share price of approximately 25%. The announcements all followed the determination by Honda that it would no longer use Takata air bags in new vehicles, as well as a settlement with the National Highway Traffic Safety Administration. The announcements by these automakers raise questions about the necessity of Takata’s air bag inflators and the company’s long-term viability.
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