Despite the global airbag scandal that has affected various carmakers and caused deaths, with the latest fatality happening in Malaysia last week, Takata Corp’s CEO Shigehisa Takada has not left his post. He will only resign after a “new management regime” is found, Reuters reports.
Takada, described by the report as a quiet, bookish presence in contrast to his gregarious, hands-on father who previously headed the company, is the first member of the founding family to take public responsibility. He apologised for the scandal last year, but has also defended the company’s products.
“I am not clinging to this. My role is to make sure the company does not take a bad turn until there is a passing of the baton,” Takada told an annual shareholders meeting, where he came under fire for failing to deal more effectively with the crisis. It was said that the shy and awkward Takada often mumbled, apologising for his inadequate responses. He was also barely audible when answering questions. The third-generation leader of the company has been at the helm since 2011.
Takada said details of the management changes would be determined by a third-party committee charged to oversee the company’s restructuring. The committee, which has brought in investment bank Lazard, said last month that it would reform governance and resolve cost issues brought about by the recall.
Takata, one of the world’s largest suppliers of vehicle safety parts, has been searching for a financial backer to help it overhaul the business and shoulder ballooning costs. Up to 30 potential investors have indicated initial interest, and a solution is expected by November, it has been reported.
Takata posted its third annual loss in four years in the past financial year, with shares down by some 90% since early 2014. The Japanese company, which started in 1933 as a textiles maker, is struggling to supply enough replacement inflators, as around 100 million units have been classified as defective.
It has been pointed out that the recall costs for Takata have been relatively small as automakers have shouldered most of the burden, so far. If Takata was found to be solely responsible for the fault, it could face a bill of more than US$10 billion, based on a rough calculation that each replacement kit costs around US$100. The company also faces US lawsuits.
Which models in Malaysia are involved in the multi-brand recalls, and what to do if your car is affected? Full details here for you to take action immediately.
Looking to sell your car? Sell it with Carro.
My salute to the jepunis overlord for taking the responsibility. What about our Proton CEO?
Datuk Jonny
The Japanese gomen stop bailing out giant corporations for quite some time now.
They stand tall,got to survive on their own.
Protong CEO …..well six figure salary,got driver to ferry him around in Pondana,all night long partying in six star hotels….you think he will resign ?
By the way,the other day ,I ask a Protong salesman why they cant display the Hondana at their showroom.
The reply ” Banyak QC problem.Production dah slow kerana new CEO wants perfection,like Tun.”
The new CEO is a perfectionist,but the deadwood at Protong still take it easy,relax.
So any bashers screaming why Nippon authorities no take action, or arrest this man, or kolos shop, or their workers need to seppuku in front of live TV camera? No? Cannot persoal our jepunis overlords? But we can bash Gov for not doing anything?
So what? It’s normal to burst fire in accident moreover when is hard collision.
But it ‘s not when shrapnels go out from airbags to kill pipu.
Did you read the article? Exora killed the man with fire. And what did Proton do? Nada. The CEO is still sitting happily receiving paycheques then
Dun make me show u the vios power window on faiya! Thats lagi keng
Show me a pic, john. I dare you
Show me first the polis report that points the cause of fire is due to P1 design fault, then I show u power window faiya
john is a kura-kura, don’t dare to walk the talk. You want to show? Show lah but i bet you don’t dare
I’m not defending Proton but base on formula ” most honorable action ” that
” I will resign INSTANTANEOUSLY after a isu, scandal, cases that hit me and I admit and responsible on this ”
BUT I DON’T THAT HAPPENING.
Eh :v This Japanese/Asian.
How long Takata Airbag Scandal ? This issue has occur over stretch a years.
I still remember Takata have been prosecuted in US and Fatality has happen in Malaysia around 2014.
Oi you donno that proton ceo is the most creative in the world?
Biasalah bang, ni syarikat Proton
Apa kebanggangan does this have to do with P1? Trying to hard to plotek plotek ur jepunis overlords ke?
The man already offered to resign. What is there to protect? Are you trying hard to protect the CEO who’s still sitting at his high horse office?
Resign?! Heck! If this was P1, u will be screaming for BN Gov to arrest him and his famili and lock them up forever, otherwise u accuse BN of being in cahoots with P1.
So now will u say Abe is in cahoots with Takata cuz Nippon authorities r not arresting him? Ada bola to persoal ur jepunis overlords?
Proton CEO will say it is the right of Proton workers to keep on working and sleeping on the job. Just like MAS Union boss has said and what Perkasa also has said.
Now you know why Proton is doing badly. Probably so many sleeping on the conveyor belt and assembly plant. The same with MAS, planes go missing because instead of repairing and maintaining the planes, hangar people are sleeping.
Why link Proton here? Are you sick john?
Mr.Takada ,
You should step down now.Tomorrow,as compensation for Honda affected car owners in Bolehland,DRB is sending Protong’s CEO.He is facing the chop,due to massive retrenchments after Raya.Give him a decent job.He can surely turn around Takata,with US 10 Billion dollars bailout by your Japanese Gomen.
Resigning is not an option. He should hara kiri for causing so many casualty.
No death penalty?
thats the problem with japanese work culture, im sure the engineers knew about this, but the hierarchy caste system probably shoo them off in fear of a major collapse and self pride prevent them from admitting to any errors, well, disaster it has happened…..situation could probably be worse if takata was malaysian
how about p1 & p2? what air bag are they using? never heard call back from them?
P1 uses autoliv airbags. Brand is from sweden.
Meanwhile P2 uses takada airbags. Cuz memang tak ada!
What airbag is Perdana using?
Rich pipu KO so dun care. At least us peons sagas, personas, Gen2s, satrias, exoras, preves, suprimas, & irizes uses non-killing airbags. So syukurrrr
If you think like this, you must be sick, john
Sure? There are 2 airbags in my in-laws myvi
Did Japanese government punish their home-grown company – Takada for their “Murdered” of 2 death cases in Malaysia?
be mature when comment , why must put proton name in this issue , use common sense to say la John , don’t show ur stupid
Remember this words, “Never retreat, never surrender.”
“Never doubt, never persoal” our foreign overlords
Malaysian branches of car company Honda have to wait almost 14 days for a new batch of Takata airbags from Japan.
A spokesperson at the car manufacturer’s sales and service cente in Klang Valley told FMT this was for safety reasons as the product is not allowed to be shipped by air and can only be brought in by sea.
“The goods cannot be shipped by plane because of the high pressure. They have to be brought in by sea, which takes around 14 days.”
According to the Honda representative, who spoke to FMT on condition of anonymity, calls have been flooding in from those requesting for maintenance and this had caused the centre to face workforce shortages.
“Since Sunday’s fatality, the issue of Honda’s malfunctioning airbags has become widely spoken of.
“Whenever something like this happens, people will start panicking and start making appointments. But we have limited staff and time.
“That is also why there has been a delay in our service.”