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Takata airbag debacle: Japanese conclude billions in comparison

Takata airbag debacle
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D he Japanese auto supplier Takata has reached a settlement with the US judiciary in the dispute over defective airbags. The company has admitted criminal offenses and is paying fines of 1.0 billion dollars (940 million euros), the US Department of Justice said on Friday. In addition, criminal charges were filed against three managers, reports the Handelsblatt.

Test results knowingly falsified

Long-time Takata employees are accused of fraud and conspiracy. According to the indictment, the employees who worked for the company in Japan and the USA until 2015 are said to have deliberately concealed the risks of defective airbags, which are associated with several fatal accidents, with manipulated test results. The US judiciary has accused Takata of systematically manipulating security test results for over a decade.

According to the settlement, Takata will be fined 25 million for falsifying test data and results Pay $ 125 million and set up a $ 125 million compensation fund for individuals who have suffered, or are about to suffer, injuries from a faulty deployment of a Takata airbag inflator Claims have not yet been negotiated. In addition, Takata will set up a compensation fund of $ 850 million (around 807 million euros) for the benefit of automobile manufacturers who have received falsified test data and results or who have purchased airbag gas generators with phase-stabilized ammonium nitrate from Takata.

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