Takata acquired by Key Safety Systems, president resigns

Takata Corp., the Japanese air bag maker embroiled in a massive recall, says the acquisition by U.S. mobility safety company Key Safety Systems has been completed, and the president resigned.Takata President Shigehisa Takada said Thursday in a statement he has resigned as president and chairman, replaced by Yoichiro Nomura, chief financial officer, effective Wednesday.Takata went into rehabilitation proceedings last year, slammed by the massive costs and sales damage from defective Takata air ba