A settlement was reached between plaintiffs and several car manufacturers in a lawsuit concerning defective Takata airbag inflators on Thursday. The faulty airbags would rupture and expel debris, causing injury and damage to the vehicle's cabin....
Search Results for: Takata
Japanese automobile parts manufacturer Takata pleaded guilty on Monday to wire fraud arising out of air bag defects that killed 16 people. Takata was sentenced to pay $1 billion in fines, victim compensation and...
Japan Takata company pleads guilty, agrees to pay $1 billion fine for airbag defects
Japanese company Takata Corp. on Friday agreed to plead guilty to criminal wrongdoing charges and pay $1 billion as a result of a US Department of Justice (DOJ) investigation into airbag defects which caused the death...
US regulators fine Takata up to $200 million for defective airbags
US regulators on Tuesday imposed a fine of up to $200 million on auto part manufacturer Takata for failing to disclose the defect of millions of their airbags to regulators in a timely manner. The National Highway...