Takata pleads guilty in air bag scandal, agrees to pay $1B

The costs of the recalls have saddled Takata, which also makes seat belts, with two straight years of losses.

In January, prosecutors said Takata put profits ahead of safety by taking part in a scheme to falsify and alter test reports that showed airbag inflators could rupture for more than a decade.

Tokyo-based Takata Corporation, one of the world's largest suppliers of automotive safety-related equipment, pled guilty to one count of wire fraud and was sentenced to pay a total of $1 billion in criminal penalties stemming from the company's conduct in relation to sales of defective airbag inflators.

BMW, Nissan, Ford and Toyota declined comment.

Trump's trade czar Ross easily wins Senate confirmation
Like Trump , Ross has been an outspoken critic of free trade agreements and feels the deals have hurt working-class Americans. A renegotiation of NAFTA is expected to be Ross' top priority when he takes over the job, the New York Times reported .

The federal court in Miami is handling dozens of lawsuits against Takata and the automakers. The allegations are based in part on the automakers' own documents, the filing says.

"Automotive defendants had independent knowledge ... that Takata's airbags were not safe well before installing them in millions of vehicles", said a filing from plaintiffs attorneys at Podhurst Orseck, a law firm, according to an Industry Week report.

A group of five major automakers faces a lawsuit over alleged wrongdoing in the Takata recall crisis.

Honda, in a statement, called the plaintiffs' filing "misleading".

Man Booted From Houston-Bound Flight for Making Racist Comments
Racists aren't welcome in America. "At that point he said all illegals and all foreigners and need to leave the country". That's when the man in the video asked the Pakistani man if the Pakistanis had a bomb in their bag.

The auto companies have asserted that they were deceived by Takata and should not be held liable.

In pleading guilty to fraud, Takata acknowledged it knew millions of its airbag inflators could inflate too forcefully and fling lethal shards of metal into passengers. The inflators are blamed for at least 16 deaths worldwide and more than 180 injuries. That would've caused delays in the supply of replacement airbag inflators needed to carry out the largest automotive recall in USA history. The ammonium nitrate that ignites the air bag inflators can be damaged by moisture over time, especially in humid environments, causing the danger of explosion.

Takata Corp.'s chief financial officer Yoichiro Nomura leaves federal court in Detroit on Monday.

The U.S. Justice Department has also charged Takata executives Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi with one count of conspiracy to commit wire fraud and five counts of wire fraud in an indictment was unsealed on January 13.

Apple has multiple teams working on wireless charging for iPhone 8
Apple files for scads of patents and in fact was No. 11 in the 2016 rankings of USA patents awarded with more than 2,100. Illustration: Getty Images Analysts and investors are getting more and more excited about this year's iPhone launch.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Clemson associate AD Bert Henderson found dead
Henderson was reported missing late Monday afternoon, after Clemson officials noted the 60-year-old did not show up for work. Henderson's Clemson bio provides more details about what his specific roles were within the school's athletic department.

Bomb Threat Called Into Anti-Defamation League's New York Headquarters
The Anti-Defamation League has been tracking anti-Semitic incidents since 1979 . In a statement , Cuomo said the threat was "unacceptable" and "un-American".

Democrats elect former Obama Labor Secretary Tom Perez as national party chairman
The resistance, of course, is the groundswell of opposition that President Trump, a Republican, has felt since taking office. A dark-horse candidate was Pete Buttigieg , the mayor of South Bend, Ind., who was endorsed by former DNC chair Howard Dean.

Tony Stewart finally gets Daytona 500 win
There were two open slots for the Daytona 500 and they were claimed by Corey LaJoie and Canadian driver D.J. NASCAR race teams keep a lot of things in reserve on race weekends, just in case they need something.

Ericsson, Telstra, and Fox Innovation Lab Launch Content Delivery Solution
Ericsson will supply equipment and services to support the program, which includes a nationwide optical network transformation and expansion.

Pope suggests it's better to be an atheist than a greedy Christian
Pope Francis suggests it's better to be an atheist than a hypocritical Catholic who leads others astray. The pontiff read the day's gospel, which was the warning St.

IPad Supply Chain Partners Expected To Have Poor Q1 2017 Sales
The existing 12.9-inch iPad Pro will also be getting the True Tone display, which is now limited to the current 9.7-inch model. The Apple iPad Pro 2 release date, originally expected to fall in March 2017, may have been pushed back until May or June.

Trump touts recent immigration raids, calls them a 'military operation'
Currently Providence police will not detain an undocumented resident for federal authorities without a criminal warrant. Immigration advocates have been speaking out and providing resources to those who have been or might be impacted.

Iceland President Gudni Johannesson Really, Really Hates Pineapple On Pizza
To clarify, pineapple on a pizza is often referred to as a Hawaiian style pizza so long as Canadian bacon or ham is included. He did, however, say that he is a fan of seafood pizza - which may not sound very appetizing to our North American palates.

The Lisa Marie Presley divorce saga just keeps getting weirder
They separated in June after 10 years of marriage. "Her average annual earring is $5.6 million (£4.5m) per year", Sturman said. Priscilla Presley tried to allay fans' concerns about the legal issues and well-being of the twins in a Facebook post Sunday.

Ariya chasing Yang at Thailand Open
Among the other Thai players, veteran Pornanong Phatlum finished her third round at 3 under for the day and for the tournament. Ariya, who shared the lead with Yang in the first round, deeclared herself pleased with her bogey-free round of 68.

Blac Chyna Reveals Serious Post-Pregnancy Weight Loss
Rumors have circulated about her possible pregnancy even after the announcement of her break with Rob Kardashian was announced. The latest offering comes from reality star Blac Chyna , ex-fiancé of Rob Kardashian of Keeping Up with the Kardashians fame.

Samsung's answer to Windows security is finally coming to more computers
In fact, the company did not experience much difference after the demonetization policy while many other smartphone companies did. The design of the buttons is pretty insane and in line with Samsung's "change for the sake of change" attitude toward Android .

UPS Tests Drone Delivery in 360-Degree Video
Rural delivery routes are the most expensive to serve due to the time and vehicle expenses required to complete each delivery. The company said a reduction of one mile per driver per day over a one-year period can save the company up to $50 million.

SpaceX announces plans to send two people around the moon in 2018
SpaceX added that "other flight teams have also expressed a strong interest, and we expect more to follow". There's no set date for the launch yet, and SpaceX does have a history of running behind schedule.


More News

News
More News