Takata plunges 19.8% as Honda dumps it as airbag supplier
Takata shares plunged nearly 20 percent Wednesday after top client Honda dumped it as an airbag supplier following US regulators' move to slap it with a record regulatory fine.
The stock fell as much as 19.8 percent to 1,100 yen ($9) in early afternoon, after US authorities announced up to $200 million in fines and Honda said it will stop using air-bag inflators linked to at least eight deaths and scores of injuries globally.