The past few months have been a nightmare for the auto industry, and the hits keep coming.
The National Highway Traffic Safety Administration fined airbag supplier Takata $70 million on Tuesday, according to The New York Times.
The consent order imposes a record civil penalty of $200 million, a NHTSA press release states. Takata must pay the remaining $130 million if it fails to meet the consent order’s terms.
Takata must “phase out the manufacture and sale of inflators that use phase-stabilized ammonium nitrate propellant, which is believed to be a factor in explosive ruptures that have caused seven deaths and nearly 100 injuries in the United States,” the release states.
The Washington Post reports this response from Takata: