Takata to pay $1 billion to settle U.S. air bag probe: sources

Japan's Takata Corp is expected to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. It could help Takata win financial backing from an investor to potentially restructure and pay for massive liabilities from the world's biggest auto safety recall. In 2015, Takata admitted in a separate $70 million settlement with U.S. auto safety regulators that i