CEO doesn't in­tend to re­sign as of now: Takata

The Pak Banker - - COMPANIES/BOSS -

BEI­JING: Ja­panese air bag maker Takata Corp said on Fri­day its top ex­ec­u­tive had no in­ten­tion to re­sign as of now, af­ter Reuters re­ported the com­pany would tell au­tomak­ers that Chair­man and CEO Shige­hisa Takada was will­ing to re­sign and take re­spon­si­bil­ity for a mas­sive safety re­call. Pres­sure has been build­ing on Toky­obased Takata 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 cri­sis af­fect­ing nearly 50 mil­lion ve­hi­cles.

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