Takata to plead guilty February 27 according to court documents

by SpeedLux
takata airbag

Takata is set to plead guilty February 27 in federal court in Detroit to a single felony count of wire fraud to deal with a U.S. Justice Department examination into ruptures of its air bag inflators connected to a minimum of 16 deaths worldwide, as per a court filing Tuesday.

Last month, the auto parts company accepted the guilty plea as part of a $1 billion settlement in the recall.

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”.

U.S. prosecutors likewise charged 3 former senior Takata executives in Japan with falsifying test results in conceal the inflator defect connected the recall of about 100 million air bag inflators globally.

Takata has accepted to pay a $25 million fine, $125 million in a victim compensation fund, consisting of future occurrences, and $850 million to compensate automakers for enormous recall expenses, the Justice Department stated. The vehicle parts provider will be needed to make considerable reforms and be on probation and under the oversight of an independent monitor for 3 years.

In past month, three senior Takata executives in the United States quit the company, consisting of Kevin Kennedy, who was president of Takata North America.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More