Takata Sinks 25% as Doubts About Air-Bag Maker's Survival Mount
- Subaru, Mitsubishi say they're considering dropping Takata
- Air-bag maker's stock posted record three-day decline
Takata Braces for Customer Exodus
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Toyota Motor Corp. joined Honda Motor Co. in saying they won’t use key components made by Takata Corp., as more automakers come out to distance themselves from the air-bag supplier whose defective devices are behind the biggest ever automotive safety recall.
“The inflator using ammonium nitrate produced by Takata will not be adopted by Toyota,” Akio Toyoda, Toyota president, said at a briefing in Tokyo Friday. “What’s most important above anything else is the safety and peace of mind of customers.”