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Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect

Reuters India Saturday, 14 January 2017 ()
DETROIT/WASHINGTON (Reuters) - Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide.
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Source: CBS News - < > Embed

News video: Former Takata executives indicted for fraud and conspiracy

Former Takata executives indicted for fraud and conspiracy 02:19

Three former Takata executives were indicted for wire fraud and conspiracy Friday for allegedly covering up an air bag defect blamed for eleven deaths in the U.S, reports Kris Van Cleave.

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