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tiptrot.com June 26, 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 Subaru Mazda and BMW reached a proposed settlement that would compensate owners of 15.8 million vehicles for economic

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.



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