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