Takata Shares Plunge 25% as More Auto Makers Follow Honda’s Footsteps – Wall Street Journal

Posted: Thursday, November 05, 2015

TOKYO—Air bag maker Takata Corp. lost a quarter of its value in a single day Thursday, as more Japanese auto makers followed Honda Motor Co.’s footsteps and signaled they may also avoid using certain air-bag inflaters made by Takata in their new vehicles.

Mazda Motor Corp. said it won’t use Takata-made air bag inflaters with ammonium-nitrate based propellant in vehicles currently under development. Fuji Heavy Industries, the maker of Subaru cars, said it is considering not using Takata’s inflaters for new models, while…

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