Reuters Insider - Takata CEO to Step Down Eventually
29/06/2016 13:12
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Source: Thomson Reuters
Description: Uncertainty is rising for Takata after the
company’s CEO Shigehisa Takada said Tuesday that
he plans to step down eventually. Photo: Getty
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Transcript (May be auto-generated)
Uncertainty is rising for attack on top corporation as the company's CE oh she
did he sent talk at us said Tuesday that he plans to step down eventually. The
Japanese auto part supplier has been in deep water in recent years over the
largest auto safety recall in history. There's word of another death linked to
these Japanese made cotta airbags quit adding more than a million cars to that
caught air bag we call list one of the largest auto recalls in history nearly
seventy million vehicles have been recalled in the US and tens of millions
worldwide. Tax cut has airbag and leaders have been found to explode with access
force under certain conditions. We'll believe the problem is linked to more than
100 injuries and fifteen deaths most recently including a woman killed last
weekend in Malaysia by a crash links to a faulty airbag.
Tucker time has been scrambling to find emergency funding to avoid bankruptcy.
If and when it does there'll be a likely restructuring of upper management. The
company lost about 127. Million dollars last year along with business with major
carmakers like Toyota and Honda. To date carmakers have footage most of the
bills for the recalls. Though these companies can attempt to have talked anti
take on these costs doing so would most likely send talk a tie into bankruptcy
and unfavorable outcome for carmakers who'd despite its issues depend on tuck
got tough which has a market share of about 20%. Mr. tuck and I says he will
stay in his current role for the time being and did not say what position if any
he would take up the company after he steps down