Post Tagged with: "takata"

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Takata succumbs to airbag scandal, declares bankruptcy

Takata succumbs to airbag scandal, declares bankruptcy

Japanese automotive parts supplier and airbag manufacturer Takata – one of the most important automotive safety suppliers but made famous by the airbag scandal – has officially went into bankruptcy protection in Japan and the United States. Live during a special news conference in Tokyo, CEO Shigehisa Takada took a […]

Takata CEO ready to resign

Takata CEO ready to resign

Takata chief executive officer announced that he would step down after the company found an investor. Takata CEO Shigehisa Takada, the grandson of the company’s founder, has been heavily criticized for not stepping down earlier, as the Japanese supplier has triggered the largest automotive recall in history. The safety crisis […]

Investors rush to buyout embattled Takata

Investors rush to buyout embattled Takata

The financial predicament of the Japanese supplier has drawn the attention of as many as 30 potential investors. As Takata faces billions of dollars in costs over the massive recalls of its defective airbags, a restructuring plan is urgently needed in order to avoid bankruptcy. And since the Japanese supplier […]