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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 […]

Six automakers recall nearly 2.5 million vehicles in US to replace Takata’s airbags

Six automakers recall nearly 2.5 million vehicles in US to replace Takata’s airbags

Following the recently announced recall expansion, automakers are crowding to issue safety campaigns over Takata’s defective airbags. Takata declared in mid-May 14 million defective inflators in the United States, thus marking the first wave that was part of the massive recall expansion of 35 million to 40 million airbags that […]