After 25 million vehicles containing its airbags have been recalled, tomorrow the Japanese auto parts supplier Takata will present its business plans to its carmaker clients. According to company sources, CEO Shigehisa Takada and other top executives will offer to resign from the company. Theres no successor in place ready to take over if the automakers do ask him to resign. Update: Takata now says that the CEO does not plan to resign. [More]
shigehisa takada
Takata Nixes Idea Of Airbag Victim Compensation Fund, For Now
By 7.10.15
Last month, in his first public address of the massive airbag defect linked to eight deaths and more than a hundred injuries, Takata CEO Shigehisa Takada announced the Japanese auto parts maker would consider the possibility of creating a victim compensation fund. Now, the company says such a fund is a no-go. [More]
Takata CEO Says Company Will Consider A Victim Compensation Fund
By 6.25.15
Just days after Honda confirmed the eighth death linked to the ongoing recall of defective Takata airbags in millions of vehicles from nearly a dozen manufactures, the Japanese parts maker says it is considering the possibility of creating a victim compensation fund. [More]
