Takata Airbag Recall: US Justice Department May Settle Criminal Probe Over Exploding Inflators Early Next Year, Reports Say
December 30, 2016
Japan’s Takata Corp. may be close to reaching a settlement with the U.S. Department of Justice over its controversy-stricken airbag recalls, according to reports Wednesday.
The airbag manufacturer is expected to pay between hundreds of millions of dollars to $1 billion to resolve allegations of criminal wrongdoing in the company’s handling of its potentially deadly airbags, people familiar with the matter told the Wall Street Journal.