Monday, 2 January 2017

Takata could settle US criminal probe next month

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Japan's Takata Corp, maker of defective air bags that have been linked to 11 US deaths, could settle criminal charges with the US Department of Justice before the Obama administration leaves office next month, a source briefed on the ongoing talks. Part of a settlement would include Takata pleading guilty to criminal misconduct. The Justice Department has investigated whether Takata hid information from safety regulators and issued misleading statements about the dangers posed by the air bags.

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