tiptrot.com
tiptrot.com October 17, 2017


Toyota, 3 other automakers settle suit over Takata air bags

19 May 2017, 04:42 | Deanna Wagner

Toyota, 3 other automakers settle suit over Takata air bags

Toyota, 3 other automakers settle suit over Takata air bags

Millions of auto owners whose vehicles were outfitted with faulty Takata airbags could soon receive some type of compensation - possibly a check for as much as $500. Plaintiffs are still pursuing these suits, as well economic loss claims against Ford Motor Co., Honda Motor Co. and Nissan Motor Co., according to their lawyers.

Four automakers including Toyota and BMW agreed Thursday to pay $553 million to settle a U.S. lawsuit over the defective Takata airbags blamed for 11 deaths in the United States alone.

Takata's air bag inflators can explode with too much force, hurling shrapnel into drivers and passengers.

The airbags are blamed for 11 deaths and more than 150 injuries, though further cases are now under review.

"The low number of recalls to-date demonstrates the need for a settlement of this type, and we look forward to accelerating the removal of defective Takata airbags from the roads", said Peter Prieto, the court-appointed chair lead counsel, who helped negotiate the settlement. These costs can include rental cars, child care, lost wages, or any other reasonable costs associated with bringing in a vehicle for repairs.


Of the $553 million, automakers will use about $50 million to provide rental cars. Takata also reached a $1 billion settlement with the US that included a $25 million criminal fine.

In January, the company pleaded guilty to corporate criminal charges and agreed to pay a $1 billion fine. The $553m settlement does not cover personal injury claims relating to the airbags. Takata has been seeking a buyer or financial backer for a year.

The four automakers say they agreed to settle "given the size, scope and severity" of the Takata recall, but do not admit fault or liability.

The recall by 19 major companies of almost 16m vehicles around the world was the largest automotive recall ever for a single safety issue. Most inflators have not been fixed. Mueller resigned from his law firm to head the Justice Department's probe into Russian interference in the 2016 election.



Other News

Trending Now

Take impeachment case to ICC, says Duterte
The committee will next recommend the complaint's dismissal by the 292-seat Congress, where Mr Duterte enjoys a super-majority. A complaint is verified if the complainant can attest that the allegations are true of the complainant's personal knowledge.

Try Out Nintendo's ARMS During The 'Global Test Punch'
Today's Nintendo Direct presentation for Arms is heavy on specifics, nearly to the point of being overwhelming. Nintendo has certainly built hype around the title, but as a brand-new IP, plenty remains unknown.

Information Trump shared with Russians came from Israel, official says
The information, which concerned a plot regarding aviation security and the Islamic State, was cited as being from a "partner". Even when intelligence is declassified, the government typically keeps secret the ways it acquired the intelligence.

Another kidnapped Chibok girl free in Nigeria: presidency
Even if they are sheltered from the rest of society for security [reasons], they should be able to have access to their children. "We were already trying to negotiate peace with Boko Haram before the Chibok girls were kidnapped", Mr Mustapha said.

Mexican Award-winning Journalist Shot Dead in Sinaloa
The CPJ reported that, in the weeks before his murder, Valdez told the CPJ that he was concerned for his safety. They also held up photos of other murdered colleagues.

Harden, James top All-NBA team; George, Hayward shut out
All those awards will be announced in NY on June 26, and complete voting results will be released at that time. In his return year, he put up an astounding per contest average of 29 points, 11.2 assists, and 8.1 rebounds.

Derek Jeter to exploding Yankee Stadium: Thank you
They each were given Monument Park blazers. "You know, I prided myself in my career to be prepared at all games", he replied. During Jeter's remarks - which he later said were off the cuff - he emphasized how thankful he was.

Comey Forced Trump to Fire Him
The White House disputed Comey's account of the February conversation concerning Flynn, but did not offer specifics. And Trump's interaction with Comey, if confirmed, could amount to an obstruction of justice.

Kevin McCarthy: Comment that Putin is paying Trump was bad joke
Brendan Buck , a Ryan spokesman, told the newspaper: " That never happened ", but later said on Twitter: "Goodness, I don't lie". Rohrabacher said he isn't taking offense to the comments, adding he believes the majority leader made the comments in jest.

In India Authorities allow abortion for 10-year-old rape victim
But those numbers are still considered only a fraction of the actual rape cases across the socially conservative country. The two crimes are reminiscent of the 2012 fatal gang rape of a woman in New Delhi that spurred widespread protests.