Honda Motor has been fined $70m in penalties by the US National Highway Traffic Safety Administration (NHTSA) for not reporting deaths, injuries, and certain warranty claims.
The penalty is divided into two parts, a maximum civil penalty of $35m for the company's failure to report the deaths and injuries and another $35m for not reporting warranty claims to federal regulators.
Apart from the fine, the company has also agreed to oversight and third party audits which will ensure that all required reporting is completed.
US Transportation Secretary Anthony Foxx said: "Honda and all of the automakers have a safety responsibility they must live up to - no excuses.
"These fines reflect the tough stance we will take against those who violate the law and fail to do their part in the mission to keep Americans safe on the road."
Honda failed to report 1,729 cases of deaths or injuries that took place between July 2003 and June 2014, out of which eight incidents were related to the defective Takata air bags.
NHTSA administrator Dr. Mark Rosekind said: "Today's announcement sends a very clear message to the entire industry that manufacturers have responsibility for the complete and timely reporting of this critical safety information.
"The actions we are requiring will push Honda to significantly raise the bar on the effectiveness of its EWR reporting program.
"Our ongoing oversight will ensure compliance and determine if there is cause for additional actions."
