Takata expected to plead guilty, pay $1B

When something that is there to protect your life malfunctions, there can be any causes for concern. This isn’t the first time Takata has produced faulty airbags, but hopefully the last.

Troubled air bag maker Takata is reportedly set to reach a criminal settlement with U.S. prosecutors that will require payment of some $1 billion in fines, restitution and victim compensation, as well as a guilty plea on wire-fraud charges, the Wall Street Journal reported Thursday.

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