Takata fined $70 million for defective airbags

U.S. regulators have slapped embattled auto parts supplier Takata with a $70 million cash penalty.

For failing to admit some of it’s airbags were defective in a timely manner.

That fine could grow to $200 million if Takata fails to comply with a federal consent order.

The airbags, which can explode and shoot metal fragments at passengers, are blamed for at least seven deaths in the US.

More than 19 million vehicles in the US have been recalled as a result.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s