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Omaha Steve

(99,646 posts)
Fri Feb 20, 2015, 11:51 AM Feb 2015

US to fine air bag maker Takata $14,000 per day

Source: AP-Excite

By JOAN LOWY and TOM KRISHER

RICHMOND, Va. (AP) — The U.S. government says it will fine Japanese air bag maker Takata Corp. $14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous air bag inflators.

The inflators, which are in cars made by 10 auto companies, can explode with too much force, spewing shrapnel into drivers and passengers. At least six people have been killed worldwide due to the problem.

Transportation Secretary Anthony Foxx announced the fines on Friday in Richmond, Virginia, on a bus tour to promote a major transportation bill. He says the fines will grow each day that Takata fails to comply with two special orders issued last year by the department's National Highway Traffic Safety Administration.

"Safety is a shared responsibility, and Takata's failure to fully cooperate with our investigation is unacceptable and will not be tolerated," Foxx said in a statement.

FULL story at link.


Read more: http://apnews.excite.com/article/20150220/us--air_bag_maker_fined-24a29c54ba.html

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US to fine air bag maker Takata $14,000 per day (Original Post) Omaha Steve Feb 2015 OP
$14K per day -- that will be a punishing blow to Takata. We have geniuses working NCjack Feb 2015 #1
Ya, they really change the way they fine companies. Maybe change it to a % of their gross profit? cstanleytech Feb 2015 #2

NCjack

(10,279 posts)
1. $14K per day -- that will be a punishing blow to Takata. We have geniuses working
Fri Feb 20, 2015, 11:56 AM
Feb 2015

on USA's side of this problem. /s/

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