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Takata's US$1b settlement removes hurdle to its sale

Tuesday, January 17, 2017 - 05:50

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A deployed airbag is seen in a 2001 Honda Accord at the LKQ Pick Your Part salvage yard in Medley, Florida. Takata faces a recall that is expected to cover more than 100 million airbags.

Detroit

TAKATA Corp's agreement to pay US$1 billion to settle a criminal investigation removes a hurdle to the airbag maker's sale, which the company needs to continue operations and complete the biggest product recall in automotive history.

The Tokyo-based company admitted to

sentifi.com

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