Takata company was fined $1 billion


At the time of national recalls which began in 2015, Takata was the world’s second-largest provider of air bags. Takata would plead guilty to one count of fraud and pay $25 million to settle the criminal charge, was announced. The same company  will also pay $850 million to automakers and $125 million to those injured as a result of the defect. U.S. Attorney Barbara McQuade said Friday. “If they choose instead to engage in fraud, we will hold accountable the individuals and business entities who are responsible.” On the other part, “Takata deeply regrets the circumstances that have led to this situation and remains fully committed to being part of the solution,” a statement of the company said. The faulty Takata air bags could rupture or explode and propel shrapnel into the vehicle. The defect has been tied to 11 deaths and more than 180 injuries in the United States.


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