The Takata executives outright falsified and altered tests that showed the inflators could rupture dangerously. The U.S. attorney’s office in Detroit announced the deal Friday, shortly after a grand jury brought criminal charges against the three executives.
This is the single biggest automotive recall in history, effecting 42 million vehicles and 69 million inflators. It will take years for the recall to be completed. “The risk that they allowed to happen is really reprehensible,” said Barbara McQuade, the U.S. attorney in Detroit. Her office worked tiresomely for two years to bring forth the charges.
This is a deathblow to the company which is expected to be sold to another auto supplier or investor later this year.