Shares in crisis-hit autoparts maker Takata plunged again Thursday, losing a quarter of their value and deepening the loss caused by fatal faults in their airbags.
The Tokyo-listed stock plummeted 25 percent to 889 yen ($7.32) to its lowest close this year after tumbling more than 13 percent Wednesday.
The rout came after Honda dumped it as an airbag parts supplier and US safety regulators slapped it with a record fine over products that have been linked to at least eight deaths and scores of injuries globally.
Takata's airbag defect -- thought to be associated with a chemical propellant that helps inflate the devices -- can cause them to deploy with explosive force and send metal shrapnel hurtling toward drivers and passengers, killing some and leaving others with grisly injuries.
Some 50 million vehicles worldwide have been recalled over the problem.
Accusing the company of dodging the issue for years, US safety authorities on Tuesday announced up to $200 million in penalties while Honda said it would stop using Takata airbag inflators.
Top client Honda accounts for about 10 percent of Takata's global sales, which were about $5.3 billion in the last fiscal year.
"If it was only about paying the fine, that would be the end of it. But after Honda ditched it, the crisis now threatens Takata's mainstay business," said Nobuyuki Fujimoto, senior market analyst at SBI Securities.
"Honda probably decided to drop Takata after finding another airbag supplier. It's brutal (for Takata) but shares in Daicel are doing well today."
Daicel, an Osaka-based firm whose products include airbag inflators, jumped 7.20 percent to close at 1,742 yen ($14) Thursday.
In response to the regulatory fine, Toyota said Wednesday it was monitoring the latest chapter in the crisis, while rival Nissan declined to comment on its future relationship with Takata, but added it was "disappointed with Takata concerning the findings about its conduct".
A day earlier, the US National Highway Traffic Safety Administration said the auto parts maker had evaded reporting requirements, including making "the conscious decision" not to report two incidents to the regulator, despite a mounting death toll linked to its airbags.
The agency said Takata showed a pattern of such behaviour dating back to 2009, both with the US government and with automakers who installed the airbags in their cars.
"For years, Takata has built and sold defective inflators. It refused to acknowledge that they were defective," said Transportation Secretary Anthony Foxx.
"Delay, misdirection, and refusal to acknowledge the truth allowed a serious problem to become a massive crisis."
AFP
Thu Nov 05 2015
![Takata plunges for second day as airbag scandal spirals Takata plunges for second day as airbag scandal spirals](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-07/61436441481_TAKATAAIRBAG.jpg)
Takata's stock plummeted 25 percent to 889 yen ($7.32) to its lowest close this year after tumbling more than 13 percent Wednesday.
![Ibu Menteri Besar Kedah meninggal dunia Ibu Menteri Besar Kedah meninggal dunia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723690075_ibumeninggalduni.jpg)
Ibu Menteri Besar Kedah meninggal dunia
Allahyarham Meriam Ahmad menghembuskan nafas terakhir pada usia 74 tahun di Hospital Sultanah Bahiyah, Alor Setar.
![Skuad bola tampar pantai Pulau Pinang berlatih di Songkhla Skuad bola tampar pantai Pulau Pinang berlatih di Songkhla](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723688922_bolatamparsukma.jpg)
Skuad bola tampar pantai Pulau Pinang berlatih di Songkhla
Pasukan bola tampar pantai Pulau Pinang di Pantai Samila, Songkhla selama lima hari sebagai persediaan menggalas cabaran membawa pulang pingat pada SUKMA 2024.
![Pemandu treler maut, nahas lima kenderaan di PLUS arah utara Pemandu treler maut, nahas lima kenderaan di PLUS arah utara](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723688542_KemalanganMaut.jpg)
Pemandu treler maut, nahas lima kenderaan di PLUS arah utara
Kemalangan melibatkan lima buah kenderaan termasuk tiga buah treler, sebuah lori satu tan dan sebuah MPV Toyota Vellfire.
Niaga AWANI: Jiwa SME: Kuih tradisonal sejuk beku 'diterbangkan' ke Tanah Suci
Inovasi pembuatan makanan sejuk beku, terutama kuih muih tradisional telah berjaya membawa produk itu ke peringkat global, terutama dalam memenuhi citarasa jemaah haji dan umrah rakyat Malaysia di Tanah Suci Mekah dan Madinah.
Global Financial Shifts: What emerging economies need to know
We're looking at recent shifts in the global financial scene. Today, we'll talk about how lower inflation and possible Fed rate cuts could impact investor confidence, global stability, and important sectors like tech and real estate. We'll also see how these changes might affect emerging economies like Malaysia, a key player in global trade. Let's break down these topics to understand what they mean for the future.
![MyJPJ rekod lebih RM28 juta transaksi dalam tempoh sebulan MyJPJ rekod lebih RM28 juta transaksi dalam tempoh sebulan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/61723687760_AedyFadlyRamli.jpg)
MyJPJ rekod lebih RM28 juta transaksi dalam tempoh sebulan
JPJ merekodkan kutipan lebih RM28 juta menerusi aplikasi MyJPJ bulan lepas iaitu sebulan selepas transaksi dalam talian diperkenalkan pada Jun.
Urban Redevelopment Act: A comprehensive solution or a temporary fix?
Datuk Chang Kim Loong, Secretary-General of the National House Buyers Association (HBA), will speak about tackling one of the most pressing urban issues of our time: the Urban Redevelopment Act. Is this legislation the comprehensive solution we’ve been waiting for to eradicate urban slums, or is it merely a temporary fix?
![Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-01/41705320699_TBringgitmalaysia.jpg)
Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok
Pada 8 pagi, ringgit meningkat sedikit kepada 4.4150/4250 berbanding dolar AS daripada 4.4170/4235 ketika ditutup pada Rabu.
#AWANIRingkas 15 Ogos 2024 | 9 AM
Berikut merupakan rangkuman berita setakat 9 pagi, 15 Ogos 2024
1️⃣ TPM wakili Malaysia di EMM di Peru
2️⃣ Misteri kehilangan Nidza Afham
3️⃣ Rundingan gencatan Gaza di Qatar hari ini
#awaniringkas
1️⃣ TPM wakili Malaysia di EMM di Peru
2️⃣ Misteri kehilangan Nidza Afham
3️⃣ Rundingan gencatan Gaza di Qatar hari ini
#awaniringkas
Belia & pekerjaan: Pengangguran belia global menurun, cabaran tetap ada
Walaupun kadar pengangguran belia global menurun, kebimbangan meningkat mengenai belia NEET (tidak bekerja, belajar, atau menjalani latihan). Laporan Pertubuhan Buruh Antarabangsa (ILO) mendedahkan jurang dan cabaran besar yang terus menghantui belia, terutama di wilayah tertentu dan kalangan wanita muda. Bagaimana untuk menganalisis tren global dalam konteks keadaan tempatan bagi memastikan penemuan antarabangsa dapat disesuaikan dengan strategi nasional?
![Tukar beg udara atau berdepan senarai hitam! Tukar beg udara atau berdepan senarai hitam!](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2018-09/51537361567_Logo.jpg)
Tukar beg udara atau berdepan senarai hitam!
Pemilik kenderaan Honda, Subaru dan Mazda yang terlibat dengan penukaran beg udara, Takata, digesa untuk berbuat demikian atau bakal berhadapan dengan tindakan senarai hitam.