Takata Agrees To $1 Billion Fine For Air Bag Fiasco - 3 Executives Charged

Three Takata Corp. executives were accused in a U.S. indictment of misleading federal regulators, consumers and car manufacturers about the company’s faulty air bags as part of a years-long scheme that led to the biggest recall in history.

Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi were charged in federal court in Michigan. The indictment came just hours before prosecutors are expected to announce that Takata has agreed to plead guilty and pay as much as $1 billion. A press conference in Detroit is scheduled for later Friday.
 

TheSteve - 1/13/2017 1:04:01 PM

+2 Boost

Interesting that a company "agreed to...pay as much as $1 billion [in fines]" when they're teetering on bankruptcy and don't have the means to pay it.

Vette71 - 1/13/2017 1:40:35 PM

+2 Boost

They probably had a gun to their heads, and know it will never get paid.

MDarringer - 1/13/2017 8:49:01 PM

0 Boost

Or that their criminality caused much more than $1B in damaged, death, pain, and suffering.

w222 - 1/13/2017 10:10:28 PM

+2 Boost

lock these criminals up and enforce a culture of accountability. Consumers are at the losing end each time these greedy exec commit fraud.

TheSteve - 1/14/2017 3:48:14 PM

+2 Boost

w222: Sadly, I agree. As long a the Corporation is an entity under law, and the humans running it can do what they want (e.g., Enron, Nortel, etc.), we'll see a lot more of this crap going on :-(

But before we have Big Money held accountable, we must have our politicians/ LAWMAKERS held accountable. See the connection, and a the trend now?