Bloomberg: ” Takata Chairman Missing as Air Bag Crisis Deepens”

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.

Takada plans to skip tomorrow’s analyst briefing in Tokyo and send in his place Chief Financial Officer Yoichiro Nomura, who also appeared at the city’s stock exchange last week to bow in apology for the company. The last public showing by the head of the maker of air bags linked to four deaths was in June at an annual shareholder meeting closed to media. Since then, his only statement was issued seven days after the U.S. urged immediate fixes to cars recalled because of Takata products….

Read the article:
http://www.bloomberg.com/news/2014-11-11/takata-chairman-missing-as-air-bag-crisis-deepens.html

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