JAPAN'S TAKATA HIT WITH $1 BILLION FINE

Feb 27, 2017

By Michael Kramer

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A huge fine for a Japanese auto parts maker.
Takata has pleaded guilty to a criminal charge in Detroit – and will pay one billion dollars for concealing a deadly defect – in millions of its air bag inflators.

The company admits to hiding problems that can cause inflators to explode with too much force – blasting shrapnel into drivers and passengers.

U-S prosecutors also want the extradition of three former Takata executives from Japan – to face criminal charges.

Takata has agreed to pay 850-million dollars in restitution to automakers, 125-million for victims and families and a 25-million-dollar criminal fine.

There could also be a number of civil suits to come.

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