Takata to pay $1 billion fine, admit wrongdoing in proposed settlement

This is turning out to be a big week for automotive scandals. On Wednesday, the 16-month-long Dieselgate saga came to an end--or at least the end of its current chapter--when Volkswagen agreed to shell out $4.3 billion in fines to the U.S. More shocking, Volkswagen agreed to formally admit wrongdoing, which could put a serious crimp in the...