Takata Steering Wheel Airbag Recall
Join Date: Jul 2009
Location: Central South Carolina
Age: 69
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Takata Steering Wheel Airbag Recall
Re: Takata Steering Wheel Airbag Recall
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. 
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.
Join Date: Jul 2009
Location: Central South Carolina
Age: 69
Posts: 5,842
Received 375 Likes
on
325 Posts
Join Date: Jul 2009
Location: Central South Carolina
Age: 69
Posts: 5,842
Received 375 Likes
on
325 Posts
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