Takata recommends re-electing board as search for rescue deal drags on

Tokyo

JAPAN'S Takata Corp, the airbag maker at the centre of world's largest vehicle recall, has recommended reappointing its current board, underscoring the slow progress in its efforts to clinch a financial backer to overhaul the business.

The proposed reappointments for the six-member board include chairman Shigehisa Takada. The Takada family commands a stake of around 60 per cent in the vehicle parts maker, which is facing bankruptcy over the crisis.