Takata to pay $1 billion and plead guilty in exploding air bag case

Automotive supplier Takata pleaded guilty Friday to criminal charges for falsifying data about its defective air bags, which led to 16 deaths. The Japanese company will pay $1 billion in fines and restitution, federal officials said in announcing the plea agreement.
The company will pay a $25 million criminal fine, $125 million to people injured by the devices and $850 million to automakers that purchased them, said Barbara L. McQuade, the U.S. attorney for the eastern district of Michigan. The