Takata will pay $1 billion in air bag suit
Takata's defective air bags have made headlines in recent years. Now, a plea deal has led to fines and more.
Takata has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators.
The U.S. Attorney's Office in Detroit announced the plea deal hours after it unsealed a six-count grand jury indictment against three former Takata executives who are accused of operating the scheme.