Poor Quality Airbags Not Enough: Takata Executive Indicted For Seatbelt Price Fixing

An executive of Takata Corp., a Japanese auto parts manufacturer, has been indicted by a federal grand jury for participating in a conspiracy to fix seatbelt prices.

Hiromu Usuda was charged with conspiring to rig bids for and to fix, stabilize and maintain prices of seatbelts sold to Toyota Motor Corp., Honda Motor Co., Nissan Motor Co., Mazda Motor Corp. and Fuji Heavy Industries, best known as Subaru, a Department of Justice news release said.

Last year, Takata made headlines when it recalled faulty airbags believed to be in 8 million cars. Accidents involving the airbags, which exploded in some cases when they were deployed in humid conditions, were linked to five deaths.

TheSteve - 1/23/2015 3:00:54 PM

+1 Boost

Ouch!

I believe many of our ailments can be attributed to religion. As long as one worships money, then ethics, honesty, transparency, and empathy for your customers can fall by the wayside.