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UPDATE: Takata Chief Won’t Resign, Yet
Takata Corp. CEO Shigehisa Takada said earlier today he won’t resign “as of now” over the company’s airbag inflator recall crisis.
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Takata Corp. CEO Shigehisa Takada said earlier today he won’t resign “as of now” over the company’s airbag inflator recall crisis.
Two sources told Reuters earlier this week that Takada, grandson of the company’s founder, was likely to announce plans to step down during a meeting earlier today with customers. They say there are plans in place to restructure the company’s management, but they also caution that the company has made no decisions and hasn’t selected Takada’s successor.
Takata met with customers to outline plans to help provide them with replacement inflators. But the company has offered no comment about the content of the meeting.
Carmakers have since 2009 been recalling Takata inflators that can explode when triggered in a crash, blasting shrapnel into the passenger compartment. At least 40 million vehicles are affected worldwide.
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