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Montevideo, March 31st 2023 - 12:49 UTC

Tag: Japanese manufacturer

  • Friday, February 23rd 2018 - 09:00 UTC

    Takata faulty airbag manufacturer reaches settlement in US

    Takata's US arm is currently in bankruptcy proceedings so the penalty will not be collected.

    The US arm of Japanese manufacturer Takata has reached a settlement with 44 US state attorneys-general into claims it concealed dangerous defects in its exploding airbags. The faulty airbags have been linked to at least a dozen deaths and more than 100 injuries worldwide. The settlement includes a civil penalty of about US$650m.