Matt Casebolt previously served as a product design director for Apple and worked on the Mac Pro and MacBook.
The trio deceived car makers "through false and fraudulent reports and other information that concealed the true condition of the inflators."
Officials added that their steps would keep about 650,000 metric tons of waste out of landfills.
Volkswagen just unveiled the new ID Buzz, a fully autonomous and electric concept van that harkens back to the retro VW Microbus.
Fiat Chrysler CEO Sergio Marchionne has denied wrongdoing in response to the U.S. probe.