Takata could pay up to $1 billion to settle U.S. criminal probe

Japan’s Takata Corp is almost done with a settlement with the United States Department of Justice and is anticipated to pay up to $1 billion to solve accusations of criminal misbehavior in managing its defective air bags.

The final figure could be in the high numerous millions of dollars, individuals knowledgeable about the matter informed.

A minimum of 184 individuals have actually been injured in the United States in incidents associated possibly fatal Takata air bags.

Takata is presently responsible for the largest auto recall in history. Having recalled 40 million vehicles across 12 vehicle brands for “Airbags that could explode and potentially send shrapnel into the face and body of both the driver and front seat passenger.”