Takata pleaded guilty to fraud in the air bag scandal today in Federal court. They agreed to pay $1 billion for a scheme to conceal a deadly defect of its air bag inflators. Takata admitted to hiding problems that can cause inflators to explode with too much force, hurling schrapnel into drivers & passengers. Article said that U.S. prosecutors are still seeking extradition of three former Takata executives from Japan to face criminal charges.

Takata agreed to pay $850 million in restitution to automakers, $125 million to victims and families, and a $25 million criminal fine. They still face dozens of consumer & state lawsuits that could run into millions of dollars.

Got 'em!!!!! They'll go bankrupt now.