Takata Could Face $200 Million Fine Over Faulty Airbags
Japanese auto company Takata will be fined at least $70 million for deceiving regulators about issues with their airbags. And more fines could come.By Grant Suneson | November 3, 2015
Japanese auto parts company Takata could face a record fine for manufacturing faulty airbags that actually made car wrecks even more dangerous, and then covering up the defect to regulators.
"It provided incomplete, inaccurate and misleading information to NHTSA, to the companies using its inflators and to the public," U.S. Secretary of Transportation Anthony Foxx said.
The National Highway Traffic Safety Administration fined Takata at least $70 million for giving safety officials "selective, incomplete or inaccurate information" about the airbags' faulty ammonium nitrate propellant.