Takada on the airbag incident pleaded guilty to the reorganization plan in addition to obstacles

Posted on 3/1/2017 10:22:35 AM

Takada has pleaded guilty to felony charges against US federal courts this week, removing a major obstacle to its sale / reorganization plan. Pleading guilty is part of Takada's $ 1 billion solution. In addition to pleading guilty, the Takada $ 1 billion solution also includes payment of compensation to victims of fault airbags and affected car prices.
Earlier, despite the strong opposition from Takada airbag victim lawyers that the solution was directly unfounded as a victim of Takahata deception, George Steeh, US District Court Judge, passed the solution. Steeh believes that car prices are the victims of Takada's evidence of hidden defects in its airbags, and the car prices are likely to be subject to civil action.
Takada said that with the criminal charges and penalties to determine down, Takada will accelerate the pace of looking for buyers or financial support.
US automal lawyers have filed suit against Honda, Nissan, BMW, Ford, Mazda and other car prices, accusing these car prices over the years on Takada airbag defects have been informed but still continue to use these issues Airbag. Lawyers said car prices only concerned about the low-cost advantage of Takada airbags, while fear of stopping the use of Takada airbags after the lack of supply, so "reckless act."
So far Takada airbags caused at least 16 deaths, since 2008, more than 10 car prices for the recall of vehicles up to 31 million or more. Steeh said the car prices would face a total of $ 7.6 billion in excess of the cost of replacing all the airbags.
In January, Takada agreed to establish two independent management of the compensation fund: $ 850 million compensation to the car for the recall; 125 million compensation for Takada airbags and injured individual users. In the United States, car prices have continued to be recalled by 2020. The US security department said that no matter what happened in Takada, the responsibility to replace the high-altitude airbag falls on the car body.

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