Takata To Pay 1 Billion In Air Bag Scandal
The U.S. Justice Department announced the deal Friday, which included one guilty plea to wire fraud, $25 million in fines, $125 million for injured motorists, and $850 million for recall and replacement costs. Prosecutors said Takata and three of its executives, who separately face fraud and conspiracy charges, repeatedly falsified critical test data about the safety of its products for more than a decade. “Automotive suppliers who sell products that are supposed to protect consumers from injury or death must put safety ahead of profits,” said U....