Feds Fine Auto Airbag Maker $200M

Federal regulators will levy as much as $200 million in fines against Takata, the Japanese manufacturer of faulty airbags. The National Highway Traffic Safety Administration said Tuesday it will issue a $70 million penalty to the company for its failure to disclose defects in a timely manner. An additional $130 million could be levied if Takata fails to comply with a consent order. The company’s airbags have come into question after 12 auto makers have recalled more than 19 million vehicles with the safety device since 2008.