Takata CEO offers to step down after new regime in place

28 Jun, 2016 8:19 am

TOKYO – Takata Corp CEO Shigehisa Takada on Tuesday offered to step down after a new regime is decided for the auto parts supplier, which is searching for a financial backer to help it deal with a massive global recall of potentially deadly air bags.

Speaking at a shareholders meeting, Takada said he would stay in his role “until a hand-off”. -Reuters

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