Takata Corporation (USD5.35b turnover) founded in 1933 employed 60,000 workers in 23 countries to manufacture automotive parts including steering wheels, seatbelts, child restraints and airbags. Takata Corporation shares were trading at just 43 cents last month, and far from a high of USD60.13 in early March 2014. How could this happen?
One of their components, inflators are used to inflate airbags that protect the occupants of vehicles during impacts. It turns out that these inflators can explode with excessive force unleashing metal shrapnel inside cars and trucks.
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