Takata agrees to guilty plea, will pay $1B for hiding defect - Sentinel-Tribune: News

Takata agrees to guilty plea, will pay $1B for hiding defect

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Posted: Friday, January 13, 2017 6:35 pm

DETROIT — Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators.

The U.S. Attorney's Office in Detroit announced the deal Friday, hours after it unsealed a six-count grand jury indictment against three former Takata executives who are accused of carrying out the scheme by falsifying and altering test reports that showed the inflators could rupture.

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