TK Holdings, Inc. (Takata)
Details
| Industry: | Manufacturing |
| Underlying Misconduct: | Other |
| Matter Type: | National Highway Traffic Safety Administration |
| Relevant Jurisdiction(s): | Washington, DC |
| Penalties: | Civil Penalties |
| Fine Amount: | $200,000,000 |
| Reporting Agencies: | National Highway Traffic Safety Administration |
| Resolution Form: | Consent Order |
| Agreement Date: | November 3, 2015 |
| Monitor Reference Term: | Independent Monitor |
| Monitor Identity: | John Buretta |
| Monitorship Term: | 5 Years |
| Monitor Selection Process: |
Reporting Agency to consult with Host Organization, including soliciting nominations from Host Organization, and use its best efforts to select and appoint a mutually acceptable Monitor. If unable to identify a Monitor acceptable to Host Organization, Reporting Agency has sole right to select. |
| Time to Propose Monitors: | N/A |
| Time to Engage Monitor: | N/A |
| Time to First Report: | |
| Reporting Frequency: | Quarterly |
| Monitor Required Qualifications: |
Please see various Orders/Agreements. |
| Summary of Monitor's Scope: |
Review and assess compliance with Order, including but not limited to, phasing out of manufacture and sale of PSAN inflators, its testing efforts, and the internal safety improvements (as laid out in Order(s)). Monitor compliance with the first Consent Order (May 18, 2015), including its compliance with, and any alterations to, its "Get the Word Out" Digital Outreach Plan and its Propose Plan to Test the Service Life and Safety of Certain Inflators. Oversee, monitor, and assess compliance with the Coordinated Remedy Program, as set forth in the Coordinated Remedy Order (Nov 3, 2015). |
| Summary of Monitor's Activities: |
Very extensive - please see various Orders/Agreements. |
| Monitor's Restrictions: |
None noted. |
| Documents Uploaded: | Takata-NHTSA-Consent-Order-3Nov2015.pdf |
| Other Relevant Information: | Takata-NHTSA-Consent-Order-18May2015.pdf NHTSA-CoordinatedRemedyOrder-Takata-3Nov2015.pdf NHTSA-Takata-Monitor-Application.pdf |
