Takata Chairman Signals Resignation To Take Responsibility For Airbag Recalls

The chairman and president of troubled Japanese airbag maker Takata said he would step down once he was ready to hand over management, after apologizing for the troubles caused by the company's airbag inflators. He spoke to shareholders at a general annual meeting held in Tokyo on Tuesday, June 28. This was the first time Shigehisa Takada, who has been at the helm of the company founded by his grandfather since 2007, announced publicly of his intention to resign. Takata shares spiked 15% at the opening of the afternoon trading when the meeting ended, and closed the day up 2.2%. The Tokyo-based company, which also manufactures seat belts, steering wheels, and child seats, has booked net losses for two consecutive years.

Topics:  japanese   june   the tokyo-based   honda   toyota   ford   on may   y13   y44   u.s    kkr   tkj   chairman   ceo shigehisa   akiko   hmc   automotive   takata   tokyo   shigehisa   takada   march   click   airbag   recalls   company   billion   net   family   losses   meeting   ended   shares   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News