The Traderszone Network

Published in TZ Latest News 27 January, 2016 by The TZ Newswire Staff

Takata prepares CEO exit over air bag safety scandal: sources

Takata Corp (7312.T) is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry’s biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned into a damaging safety scandal affecting nearly 50 million vehicles. The company said on Tuesday that an 11th death could be linked to a faulty air bag.