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Takata agrees to settle U.S. probe by 44 state AGs over deadly air bags

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Takata Corp's U.S. unit agreed Thursday to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators.

TK Holdings Inc, which is in bankruptcy reorganization proceedings, agreed in the settlement to a $650 million civil penalty over the defect linked to at least 22 deaths. South Carolina Attorney General Alan Wilson said in a statement that because Takata does not have the money, the states "agreed not to collect this civil penalty in order to maximize the recovery available to consumers who were the victims."

In February 2017, Takata pleaded in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation funds for automakers and victims of its faulty air bag inflators in connection with the largest automotive recall in history.

The company’s air bag inflators can inflate with too much force and spray metal fragments. Three former senior Takata executives were charged in January 2017 with falsifying test results but none have appeared in a U.S. court.


Source :- yahoonews
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