Takata pleads guilty to U.S. fraud charge linked to faulty airbagsUPDATED: 2/27/17 6:39 pm ET -- adds details
Takata pleaded guilty to a felony charge as part of an expected $1 billion deal with the Justice Department that includes compensation funds for automakers and victims of its faulty airbag inflators. The plea removes a major obstacle to the potential sale or restructuring of the embattled Japanese supplier, which is expected to intensify a search for a buyer or financial backer.
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Takata ranks last in reputation among 100 most-visible companies in U.S.
Troubled airbag supplier Takata took last place on a list ranking the reputations of the 100 most-visible companies in the U.S., landing in the “critical” score category, the Harris Poll said Tuesday.