Report: Takata Expected to Plead Guilty as Part of $1B U.S. Settlement

Markets Reuters

A recalled Takata airbag inflator removed it from a Honda Pilot is shown at the AutoNation Honda dealership service department in Miami, Florida, United States on June 25, 2015. REUTERS/Joe Skipper/File Photo (Copyright Reuters 2016)

Japanese auto parts manufacturer Takata Corp is expected to agree to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve the government's investigation into deadly air bag ruptures, sources said.

Continue Reading Below

The settlement is also expected to include restitution to some victims and automakers, who have been forced to recall vehicles with the defective inflators.

Takata air bag inflators have been linked to at least 16 deaths worldwide, including 11 U.S. deaths. Regulators have said recalls would eventually affect about 42 million U.S. vehicles with nearly 70 million Takata air bag inflators, making this the largest safety recall in U.S. history.

(Reporting by David Shepardson in New York; Editing by Bernadette Baum)

What do you think?

Click the button below to comment on this article.