The Traderszone Network

Published in TZ Latest News 24 June, 2015 by The TZ Newswire Staff

Takata CEO: internal probe into failing air bags ‘not progressing’

The head of Takata Corp (7312.T) said an internal probe into why the Japanese supplier’s air bag inflators were failing was not progressing well, as millions of cars continue to be called back to replace the potentially deadly component. Chief Executive Shigehisa Takada, grandson of the company’s founder, made the comment at Takata’s annual shareholders’ meeting on Thursday in response to a question as to when analyses of the problem would be concluded.

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