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Posts Tagged ‘DOJ fining Takata $1 billion’

Justice Department Set to Smack Takata With $1B Fine

New fine was impact recall efforts.

by on Dec.29, 2016

Takata appears to be ready to accept a $1 billion settlement on criminal charges from the Department of Justice.

Takata may be moving to close another chapter in its troubled history with defective airbags by agreeing to a $1 billion criminal settlement.

The deal with the Justice Department, according to the Wall Street Journal, would not halt the ongoing recall efforts. The Japanese supplier is expected to plead guilty to a variety of charges as part of the deal.

Global Auto News!

It is part of the largest automotive recall in history, involving about 42 million vehicles and more than 64 million faulty airbags. (more…)