Following the takeover of the insolvent Japanese airbag manufacturer Takata by the Chinese-American automotive supplier KSS, the former Takata boss Shigehisa Takada has resigned . The company announced on Thursday last week that Key Safety Systems (KSS) had successfully completed the acquisition of nearly all of Takata’s global assets.
The new company will operate under the name of Joyson Safety Systems and will have its global headquarters in Michigan, USA. The head office responsible for Europe, the Middle East and Africa will be in Aschaffenburg. Takata’s former executive director, Yoichiro Nomura, will now be responsible for repayment to creditors.
The group plunged into crisis because of a malfunction of a component in the gas generators for airbags which resulted in a global recall of many car models. In the event of long exposure to heat and humidity, the airbags could be triggered in the event of an accident, splinters could then be thrown through the vehicle interior . Currently, Takata is responsible for the supply of replacement gas generators for the ongoing recalls. In the medium term, however, the division is to be discontinued.