TAKATA FINED $70 MILLION U.S.

Nov 03, 2015

By Michael Kramer

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American auto safety regulators have fined Takata Corporation of Japan $70 million dollars – for lapses in the way the company  handled recalls of millions of air bag inflators – that can explode with too much force.

But The National Highway Traffic Safety Administration has the authority to add up to $130-million dollars to the fine – if Takata doesn’t obey terms of a five-year agreement reached over the issue.

That would be a record if the penalty grows to $200-million dollars.

Takata admitted that it knew the inflators were defective – but failed to recall them in a timely manner.

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