U.S. Transportation Secretary Anthony Foxx announced a $14,000per day fine against airbag manufacturer Takata for “failing tofully cooperate” with the ongoing investigation by the NationalHighway Traffic Safety Administration (NHTSA) into the company’sdefective airbags. Late in 2014 NHTSA issued two Special Orders toTakata requiring the company to provide documentation and othermaterial relating to the agency’s investigation.
“Safety is a shared responsibility and Takata’s failure to fullycooperate with our investigation is unacceptable and will not betolerated,” said Secretary Foxx. “For each day that Takata fails tofully cooperate with our demands, we will hit them with anotherfine. But, it’s not enough. I am asking Congress to pass the GROWAMERICA Act which would provide the tools and resources needed tochange the culture of safety for bad actors like Takata.”
To date, Takata has not fully cooperated with the investigation,according to the NHTSA.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
