Takata Air Bag associates 22 deaths, hence have been recalled in United States. Takata Corporation is the Japanese air bag maker. Its president has resigned now that its acquisition by U.S. mobility safety company Key Safety Systems has been completed.
Takata’s president, Shigehisa Takada, said he was succeeded by Yoichiro Nomura, its chief financial officer. Takata went into rehabilitation proceedings last year, slammed by the massive costs and sales damage from defective Takata air bag inflators.
Takata uses the chemical ammonium nitrate to create small explosions to inflate air bags. But the chemical can worsen when exposed to high temperatures. That causes it to explode.
At least 22 deaths and more than 180 injuries have been linked to the defect. Some 50 million Takata air bag inflators have been recalled in the United States. But many repairs still remain undone.
Takada said he was stepping down because the transfer to Key Safety Systems, based in Auburn Hills, Michigan, was complete.
“We again express sincere apologies to our customers, creditors, shareholders and many others for the inconvenience related to our air bags,” he said.
Chinese-owned Key Safety Systems is a leading maker of seatbelts, which Takata also makes. It paid $1.6 billion in a deal under which Key gets all Takata assets aside from those making replacement air bag inflators.
The Takata name will rebranded as Joyson Safety Systems and company said it plans to be a global leader in auto safety as well as other mobility systems.