Takata pleads guilty in air bag scandal, agrees to pay $1B
AP Photo/Paul Sancya
Takata Corp.'s chief financial officer Yoichiro Nomura leaves federal court in Detroit, Monday. Japanese auto parts maker Takata Corp. pleaded guilty to fraud and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S.