Takata Fined $71.3 million in Seatbelt Price-Fixing Case


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 ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×