Thursday, 12 April 2018 ()
TOKYO (AP) — Takata Corp., the Japanese air bag maker embroiled in a massive global recall, says its acquisition by U.S. mobility safety company Key Safety Systems has been completed and its president has resigned. Takata President Shigehisa Takada said Thursday in a statement he has resigned as president and chairman. He was replaced by Yoichiro Nomura, chief financial officer, effective Wednesday. Takata went into rehabilitation proceedings last year, slammed by the massive costs and sales damage from defective Takata air bag 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.