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Scandal-hit Takata acquired by Key Safety Systems, president resigns

2018-04-12 09:58

COMPLAINT FILED: Takata is facing criminal charges in Japan due its faulty airbags. Image: AP / Shizuo Kambayashi

Tokyo - Takata, the Japanese air bag maker embroiled in a massive recall, says the acquisition by US mobility safety company Key Safety Systems has been completed, and the president resigned.

Takata President Shigehisa Takada said Thursday in a statement he has resigned as president and chairman, replaced by Yoichiro Nomura, chief financial officer, effective Wednesday.

22 deaths linked to the defect

Takata went into rehabilitation proceedings last year, slammed by the massive costs and sales damage from defective Takata airbag inflators, which can explode with too much force and spew shrapnel into a vehicle's drivers and passengers.

At least 22 deaths and more than 180 injuries have been linked to the defect. Some 50-million Takata airbag inflators have been recalled in the United States and millions more globally. But many repairs remain undone.

More on the Takata airbag recall scandal

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