Takata says subject of US criminal probe on air bag flaws


Credit: Reuters/Toru Hanai


Displays of Takata Corp are pictured at a showroom for vehicles in Tokyo November 5, 2014.


A federal grand jury in U.S. District Court for the Southern District of New York has subpoenaed Takata's U.S. unit to produce documents related to air bag defects, the spokesman said.


A criminal investigation into the Japanese company by federal prosecutors had been previously reported, but Thursday's statement is the first indication that a seated grand jury was seeking evidence.


The National Highway Transport Safety Administration (NHTSA) has also issued a special order to the Takata unit demanding documents and other evidence related to air bag defects. Takata has until Dec. 1 to comply with that order.


The company disclosed the probe in a closed door meeting with financial analysts earlier on Thursday, according to an account from one participant.


(Writing by William Mallard; Editing by Ian Geoghegan)


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