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Takata will pay $1 billion in air bag suit

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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.

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