Staying Mum And Being Fined

Takata To Be Fined $14K Per Day Until It Cooperates With Airbag Defect Investigation

Takata To Be Fined $14K Per Day Until It Cooperates With Airbag Defect Investigation

Officials with Japanese auto parts manufacturer Takata Corp. have continuously said they would assist U.S. regulators in their investigation regarding millions of potentially defective airbags that can spew pieces of shrapnel at passengers upon deployment. But the company doesn’t appear to be keeping its word and now faces a $14,000 per day fine until it hands over documents and other data pertinent to the investigation into airbags that have been linked to at least five deaths. [More]