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Takata Pleads Guilty In Air Bag Scheme, Will Pay $1 Billion In Penalties

Takata Corp., a Japanese auto parts maker, on Monday pleaded guilty to fraud and agreed to pay $1 billion for concealing a deadly defect in millions of its air bag inflators.
NPR

Takata Pleads Guilty in Air Bag Scandal, Agrees to Pay $1B

Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S.
Newsmax

Videos for "Air Bag"

News video: Takata Agrees To $1B In Penalties

Takata Agrees To $1B In Penalties 00:46

On Monday, Japanese auto parts maker Takata pleaded guilty to fraud. The company agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths. In pleading..
Source: Wochit Headline News -

News video: Takata pleads guilty to fraud in air bag case

Takata pleads guilty to fraud in air bag case 00:36

Japanese auto parts maker Takata Corp. has pleaded guilty to a criminal charge and agreed to pay $1 billion for a scheme to conceal a deadly defect in millions of its air bag inflators.
Source: Rumble -

News video: Takata Corp. Pays 1 Billion

Takata Corp. Pays 1 Billion 00:36

DETROIT (AP) — Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of..
Source: Wochit Headline News -

News video: Takata Pleads Guilty In Air Bag Scandal

Takata Pleads Guilty In Air Bag Scandal 00:42

The Associated Press reports that Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16..
Source: Wochit Headline News -

News video: Takata Pleads Guilty in Deadly Air Bag Case

Takata Pleads Guilty in Deadly Air Bag Case 02:46

Feb.27 -- Takata pleaded guilty to one count of wire fraud for misleading automakers about the safety of its exploding air bags, which have been linked to at least 17 deaths worldwide. Bloomberg's Ramy..
Source: Bloomberg Global Business -

 

Takata expecting red ink from US air-bag recall fine

Takata Corp. , the Japanese manufacturer at the center of massive air bag recalls, reported today that fines in the US will push it into the red for the fiscal year through March.
DNA

GM recalls older sports cars to fix air bag sensor problem

General Motors is recalling 107,000 older sports cars worldwide because a faulty sensor can disable the front passenger air bag.
DNA

Takata to plead guilty Feb. 27: court documents

WASHINGTON (Reuters) - Japan's Takata Corp is set to plead guilty Feb. 27 in federal court in Detroit to a single felony count of wire fraud to resolve a U.S. Justice Department investigation into..
Reuters India

Takata selects KSS as final bidder for restructuring deal - sources

TOKYO (Reuters) - A steering committee for Takata Corp has selected U.S.-based auto parts supplier Key Safety Systems as the final bidder to extend financial support for the Japanese air bag maker,..
Reuters India

BMW to recall 230,117 vehicles that may have Takata air bags

REUTERS - Germany's BMW said on Friday it would recall 230,117 cars and sport utility vehicles in the United States that may have been fitted with faulty air-bag inflators made by Takata Corp.
Reuters India Also reported by •DNASify

Takata shares lose nearly half their value in less than a week

TOKYO (Reuters) - Takata Corp's shares have lost nearly half their value in less than a week, hit by a report that bidders are seeking a court-mediated turnaround for the embattled Japanese air bag..
Reuters India Also reported by •Sify

Nikkei falls to near 6-week low on strong yen; Honda tumbles

TOKYO, Jan 17 (Reuters) - Japan's Nikkei fell to its lowest level in more than a month on Tuesday as a strong yen soured sentiment, while shares of Honda tumbled after it said an air bag made by
Sify

Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect

DETROIT/WASHINGTON (Reuters) - Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its..
Reuters India Also reported by •Sify

Takata to pay $1 billion to settle U.S. air bag probe - sources

NEW YORK (Reuters) - Japan's Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of..
Reuters India Also reported by •Sify

Odisha man nabbed for chopping up lover’s body

In a sickening tale of love gone wrong, a jealous lover is believed to have not only murdered his partner but severed her upper and lower body parts in order to avoid detection and dumped them in..
DNA

Takata mulls bankruptcy for U.S. unit, filing will take time - source

WASHINGTON/TOKYO (Reuters) - Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty..
Reuters India

Takata shares halted on report U.S. unit preparing possible bankruptcy filing | Reuters

TOKYO Trading in shares of Takata Corp (7312.T) was halted on Friday after the Nikkei business daily reported the embattled Japanese auto parts maker was preparing for a possible bankruptcy filing for..
Firstpost

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