Takata CEO Still Not Taking Responsibility And Stepping Down For Global Recalls

Takata Corp. said today that CEO Shigehisa Takada had no intention "as of now" to resign as the airbag maker struggles with a long-running safety recall crisis.

In a brief statement to the stock market, Takata said it had not announced Takada's resignation and "as of now he has no intention to resign."

Citing two people close to Takata, Reuters earlier reported that the supplier would tell its automaker customers at a meeting today that Takada, grandson of the group's founder, was willing to step down and take responsibility for the recalls.

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TheSteve - 1/29/2016 12:34:32 PM

0 Boost

Don't sweat it. The whole company will be gone pretty soon.

Vette71 - 1/29/2016 3:37:46 PM

+2 Boost

TA TA TAKATA. Its not to big to fail.

MDarringer - 1/29/2016 7:24:12 PM

0 Boost

Indeed you are correct. I didn't know VW owned Takata or do they just share the same criminal arrogance?

Vette71 - 1/29/2016 9:35:17 PM

+2 Boost

Both have a history of successive generations of single family management/ownership. Often a recipe for these kinds of things.

Holydude - 2/3/2016 10:53:09 AM

+1 Boost

Took him only 2 years to fuck up a dynasty, guess he's not so analytical after all (according to the article).