Takata Fined $71.3 million in Seatbelt Price-Fixing Case

Newswire

TOKYO, Oct 10 (Reuters) - Takata Corp will pay $71.3 million to settle antitrust charges brought by U.S. federal prosecutors over price fixing of seatbelts sold to carmakers, the Japanese auto parts maker said on Thursday. Takata will book an extraordinary loss of around $72 million, or 7 billion yen, in its July-September earnings, it said. It currently expects to book a net profit of 14.5 billion yen for the financial year ending March 2014. Takata's agreement is the latest ...

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