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Honda Cuts Ties with Japanese Air Bag Maker

Air bag maker Takata faces new woes. Shares of the embattled Japanese auto parts supplier plunged Wednesday after the company was hit with a massive fine by U.S. regulators and dropped by its biggest client amid a scandal over defective airbag inflators. Company shares were down nearly 20 percent in afternoon trading on the Nikkei exchange after Honda Motors announced it would no longer buy inflators from Takata to install in its front-seat air bags. Honda's decision came hours after...

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