Tagged: Takata airbag recall


U.S. Penalizes Takata $1 Billion and Charges Three Executives with Fraud

The U.S. government has fined Takata Corp. $1 billion as part of the Japanese automotive supplier’s agreement to plead guilty to one count of wire fraud. The move comes after potentially faulty and explosive airbags supplied by Takata prompted the largest automotive safety recall in U.S. history. The fine is broken down as a $25 million […] …