Takata Corp. is going to pay $1 billion and plead guilty to fraud as part of a settlement with the U.S. Justice Department, according to reports.
The deal completes the government’s criminal investigation into the Japanese auto supplier’s faulty airbags, which under certain conditions will explode spraying shrapnel into the cabin of the vehicle.
More than 15 people globally – 11 in the U.S. – have died as a result of the airbags and hundreds have been injured. It is the largest automotive recall in history.
In fact, Ford Motor Co. announced today it was recalling 816,000 vehicles equipped with the defective airbags, raising the automaker’s overall total globally to about 3 million vehicles.
(Honda’s Takata problems continue with recall of 1.29 million vehicles. For more, Click Here.)
The automaker said it was unaware of any injuries related to the current recall. The affected vehicles in this action include:
- 2005-09 and 2012 Ford Mustang
- 2005-06 Ford GT
- 2006-09 and 2012 Ford Fusion
- 2007-09 Ford Ranger
- 2007-09 Ford Edge
- 2006-09 and 2012 Lincoln Zephyr and Lincoln MKZ
- 2007-09 Lincoln MKX
- 2006-09 Mercury Milan
This action follows Honda’s recall of 1.29 million vehicles yesterday. Honda has been impacted by this recall more than any other manufacturer, recalling 11 million vehicles worldwide.
(Fiat Chrysler latest to be accused of rigging diesel emissions tests. Click Here for the story.)
Overall, federal regulators believe the total number of vehicles recalled in the U.S. will be about 42 million, accounting for more than 70 million faulty ignitors.