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U.S. fines on Takata could be $200 million for faulty air bags
November 3, 2015 / 7:32 PM / 2 years ago

U.S. fines on Takata could be $200 million for faulty air bags

WASHINGTON, Nov 3 (Reuters) - The top U.S. safety regulator has imposed a fine that could be as high as $200 million on air-bag supplier Takata Corp and ordered it to quit making air-bag inflators that use ammonium nitrate as a propellant.

The National Highway Traffic Safety Administration cited the chemical as a factor in explosive air-bag ruptures that have caused seven deaths and nearly 100 injuries in the United States.

NHTSA said $70 million is payable in cash, with another $130 million due if Takata does not comply or if the agency uncovers additional violations of safety regulations. (Reporting by David Morgan, Paul Lienert and Bernie Woodall; Editing by Lisa Von Ahn)

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