$ 1B to pay by TAKATA * USA: Over faulty air bags
* Michigan - Takata Corp. has agreed to plead guilty related to sales of defective air bag inflators
U.S. Attorney, Barbara McQuade, made clear misbehavior by international auto companies or their executives will not be tolerated in Detroit... On Friday, McQuade announced Takata Corp. has agreed to plead guilty to wire fraud and pay $1 billion in criminal penalties stemming from the company’s fraudulent conduct related to sales of defective air bag inflators... Federal prosecutors in Detroit reached a settlement with Takata — one of the world’s largest suppliers of automotive safety equipment — after a 25-month international investigation into the Tokyo-based company’s faulty air bags that have been linked to at least 17 deaths... The developments cast a shadow over the auto industry while the North American International Auto Show is held at Cobo Center and days before a new presidential administration takes control of the Justice Department...
(Photo: Stephanie Erdman of Destin, Florida, testifies at a Senate hearing on November 20 about her injuries sustained last year from a Takata airbag inflator in her Honda Civic) -- Detroit, MICH, USA - The Detroit News, by Jennifer Chambers and Keith Laing - Jan. 13, 2017