85 Year Old Airbag Maker Brand Disappears As CEO Quits

Japanese Takata brand disappears as CEO Mr Takada quits

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Japanese Takata brand disappears as CEO Mr Takada quits

AFP quoted Japan's Takata as saying that its chief had formally resigned after the completion of a takeover by a US firm, bringing the curtain down on the crisis-hit brand tainted by a deadly airbag scandal. The takeover resulted in the extinction of the 85-year-old Takata brand, with CEO's Mr Shigehisa Takada grandfather starting the company in 1933 as a textile maker.

Mr Takata said in a statement announcing the resignation "We again express sincere apologies to our customers, creditors, shareholders and many others for the great deal of inconvenience related to our airbags."

Mr Takata's name is now synonymous with the deadly airbag scandal which affected almost every major global automaker, including Toyota and General Motors, and triggered the auto industry's biggest-ever safety recall.

Source : AFP

Source : https://steelguru.com/auto/japanese-takata-brand-disappears-as-ceo-mr-takada-quits/507091

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Japanese Takata brand disappears as CEO Mr Takada quits
Airbag-Maker Takata Brand Disappears as CEO Quits
Airbag-maker Takata brand disappears after US company takeover
Airbag-maker Takata brand disappears as CEO quits