Feds Fine Auto Airbag Maker $200M

DEFLATED

Updated Apr. 13, 2017 6:22PM EDT / Published Nov. 03, 2015 2:37PM EST

Joe Skipper/Reuters

Federal regulators will levy as much as $200 million in fines against Takata, the Japanese manufacturer of faulty airbags. The National Highway Traffic Safety Administration said Tuesday it will issue a $70 million penalty to the company for its failure to disclose defects in a timely manner. An additional $130 million could be levied if Takata fails to comply with a consent order. The company’s airbags have come into question after 12 auto makers have recalled more than 19 million vehicles with the safety device since 2008.

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Feds Fine Auto Airbag Maker $200M

Joe Skipper/Reuters