The Japanese maker of air bags linked to the deaths or injuries of dozens of motorists has agreed to pay a record U.S. civil penalty of up to $200 million and have an independent monitor oversee the nation’s largest-ever automotive safety recall.
Under a five-year consent decree reached with the National Highway Traffic Safety Administration and announced Tuesday, Takata Corp. agreed to pay $70 million and as much as $130 million more in fines if it doesn’t adhere to terms of the settlement, a U.S. regulator said Tuesday.
