Takata Falls After U.S. Senators Call for Criminal Probe
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Takata Corp., the Japanese auto-parts maker at the center of an air-bag recall crisis, fell to the lowest in more than five years in Tokyo trading after U.S. lawmakers called for a criminal investigation of the company.
Takata dropped 17 percent to 1,177 yen at the close of trading, the lowest since May 2009. The shares have plunged 61 percent this year, the fifth-biggest drop among the more than 1,800 companies in Japan’s benchmark Topix index, which has gained 4.4 percent.