Air bag maker ad­mits guilt, owes $1B for hid­ing de­fect

Honolulu Star-Advertiser - - NATION - ——— Star-Ad­ver­tiser news ser­vices

DETROIT >>Takata Corp. has agreed to plead guilty to a sin­gle crim­i­nal charge and will pay $1 bil­lion in fines and resti­tu­tion for a years­long scheme to con­ceal a deadly de­fect in its au­to­mo­tive air bag in­fla­tors.

The U.S. At­tor­ney’s Of­fice in Detroit an­nounced the deal Fri­day, hours af­ter it un­sealed a six-count grand jury in­dict­ment against three for­mer Takata ex­ec­u­tives who are ac­cused of car­ry­ing out the scheme by fal­si­fy­ing and al­ter­ing test re­ports that showed the in­fla­tors could rup­ture.

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