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Honda Pays $605M To Exit Takata Air Bag Litigation


This is a settlement for the Airbags lawsuit.

Miami, FL: Honda has agreed to pay $603 million to exit the defective Takata air bag multidistrict litigation. This will hasten the removal of the exploding airbags from about 16.5 million Honda vehicles.

According to Honda, a $200 million fund will be established to expand the Takata air bag inflator recall in an effort to reach owners of affected Honda vehicles who have not been located or have not responded to recall notices.

If approved, the preliminary settlement, would make Honda the sixth automaker to be exit the litigation, following Toyota, Subaru, Mazda and BMW who agreed to pay a combined $553.6 million. Nissan has also settled for $98 million. If Honda’s deal is approved, Ford would be the only remaining automaker in the lawsuit.

According to the terms of the deal, class members will be provided with rental or loaner vehicles while they deal with fixing their cars. Remaining funds will be distributed to class members in amounts up to $250.

The lawsuit was originally filed in 2014, claiming that Takata air bags contained volatile ammonium nitrate that when inflated, can misfire, especially in humid conditions, blasting chemicals and shrapnel at passengers and drivers. Takata's air bag inflators have been linked to at least 11 deaths in the US and the company has faced massive global recalls.

Prior to filing for bankruptcy in June of this year, Takata pled guilty to wire fraud, agreed to pay $1 billion in fines and restitution, and acknowledged that it ran a scheme to use false reports and other misrepresentations to convince automakers to buy air bag systems that contained faulty, inferior or otherwise defective inflators.

The case is In re: Takata Airbag Products Liability Litigation, case number 1:15-md-02599, in the US District Court for the Southern District of Florida.

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Published on Sep-4-17


READER COMMENTS

Posted by

on
I purchased a Honda 1996 and the air bag was faulty and caused me great danger. It was a huge mistake, purchasing that damn car.. I went back to the dealers and they called themselves fixing the issue, after about less then a month after it happened again. I am pondering as to why I had not been contacted by Honda. Please I hope its not too late to be part of this lawsuit. Why was it not called to my attention by Honda that I had a faulty air bag, and that I should have returned it to get it replaced.... SHAME ON YOU HONDA!!!! I promise never to purchase a vehicle ever again from your company.

Posted by

on
I purchased a Honda 1996 and the air bag was faulty and caused me great danger. It was a huge mistake, purchasing that damn car.. I went back to the dealers and they called themselves fixing the issue, after about less then a month after it happened again. I am pondering as to why I had not been contacted by Honda. Please I hope its not too late to be part of this lawsuit. Why was it not called to my attention by Honda that I had a faulty air bag, and that I should have returned it to get it replaced.... SHAME ON YOU HONDA!!!! I promise never to purchase a vehicle ever again from your company.

Posted by

on
I had a 1996 Honda accord I paid like 2500.00 to fix the air bag in 1999

Posted by

on
Please email me regarding my Honda Accord

Posted by

on
PLEASE EMAIL ME REGUARDING MY HONDA

Posted by

on
Hello I have 2003 Honda CR-V lx no one send me a notice a bout air bag and new I found out that I’m on list can you add me to this class action pleas ?

Posted by

on
please email me regarding my honda civic 4 door

Posted by

on
Please email me regarding my Honda Ridgeline vehicle qualiflying to file a claim.

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