Takata to plead guilty, pay $1B in criminal penalties for airbag scheme; 3 Takata execs indicted
Green Car Congress
JANUARY 14, 2017
Tokyo-based Takata Corporation, one of the world’s largest suppliers of automotive safety-related equipment, agreed to plead guilty to wire fraud and pay a total of $1 billion in criminal penalties stemming from the company’s fraudulent conduct in relation to sales of defective airbag inflators. An indictment was also unsealed charging three Takata executives with wire fraud and conspiracy in relation to the same conduct.
Let's personalize your content