NHTSA hits Takata with $14,000 daily fine for airbags
The U.S. government announced this morning that it is fining Japan-based auto-safety-equipment company Takata $14,000 a day for refusing to cooperate with a probe of its faulty airbags by the U.S. National Highway Traffic Safety Administration.
Takata has refused to recall cars with the airbags, which can inflate explosively, tearing loose from their mountings and blowing shrapnel into occupants. And it has dragged its feet responding to government demands for information.
So much for excessive government regulation. Oh no, they are fined a whopping $5.1M a year-- for a company that has caused a ?multi-billion? dollar problem.