Four automakers settle claims concerning Takata inflators for $553 million

Takata air bag recall, Airbag Recall

Four car manufacturers accepted a $553 million settlement to resolve class-action financial loss claims covering owners of almost 16 million recalled automobiles with possibly malfunctioning Takata airbag inflators, court documents filed on Thursday revealed. Toyota Motor’s share of the settlement expenses is $278.5 million, followed by BMW at $131 million, Mazda Motor at $76 million […]

Honda’s Takata Airbag Recall Expands

Honda plans to recall 21 million automobiles worldwide to fix malfunctioning air bags provided by the equipment maker Takata, a senior executive at the carmaker stated on Friday. The Japanese automaker made the estimate public after American regulatory authorities more than doubled the estimate of an airbag recall in the United States, recognizing another 35 […]