Bloomberg) Takata Corp. (7312) Chairman Shigehisa Takada’s failure to come forward and address an air-bag crisis ensnaring the world’s biggest automakers risks shaking investor confidence in the 81-year-old manufacturer’s prospects.
Month: November 2014
NY Times: “Airbag Maker Takata Saw and Hid Risk in 2004, Former Workers Say”
(Article) Alarmed by a report a decade ago that one of its airbags had ruptured and spewed metal debris at a driver in Alabama, the Japanese manufacturer Takata secretly conducted tests on 50 airbags it retrieved from scrapyards, according to two former employees involved in the tests, one of whom was a senior member of its testing lab.