Honda Motor Co. said Friday it has agreed to pay $605 million to settle a lawsuit filed by U.S. vehicle owners seeking compensation for economic losses related to recalls of Takata Corp. air bags. With the settlement by Honda, the Japanese automaker which had sold the most vehicles carrying Takata air bags, six automakers from Japan and Germany will pay a total of more than $1.2 …
The owners of select Nissan automobiles may be entitled to multiple forms of compensation, including a $500 payment, use of a rental car and an extended warranty, after the company agreed to pay $97.7 million to settle a class-action lawsuit on Tuesday. The suit was brought against the company after 4.4 million vehicles were recalled due to an issue with Takata air bag inflators, according to …
Takata Corp.’s chief financial officer Yoichiro Nomura leaves federal court in Detroit on Monday. Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S.(Photo: Paul Sancya / AP) 11 CONNECTTWEET2 LINKEDINCOMMENTEMAILMORE The Takata Corp. pleaded guilty …
Last summer, The New York Times reported indications that automakers, rather than being the victims of Takata’s missteps, had pressed their suppliers to put cost before all else. That report focused on General Motors, which is not named in the Florida case, though plaintiff lawyers said they were preparing to take action against the company. Advertisement The defect has prompted the nation’s …
The parents of 17-year-old Huma Hanif, who filed a lawsuit in April after their daughter’s death from a malfunctioning airbag subject to a historic recall, have settled with all parties. The Fort Bend County teen was the second person in the Houston area and the 10th nationwide to be killed by an airbag in a car crash. The family’s product liability case filed in Harris County focused on the use of the explosive, ammonium nitrate, which is used in the airbag inflators. Defendants in the lawsuit included Japanese airbag maker Takata Corp., American Honda Motor Co. and a local car dealer, Westside Hummer. Hanif, who was driving …
A lawsuit has been filed in connection with the fatal explosion at a home in Quemado involving an 18-wheeler that contained Takata air bag inflators. The incident occurred Aug. 22 when investigators said the 18-wheeler, which contained a load of Takata air bag inflators, ran off the road, caught fire and exploded, killing Lucila Robles, 69. Investigators said the truck was also …
The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands …
One might think that an auto parts company whose main product is at the center of a 19-million-vehicle recall involving a dozen carmakers would have its hands full. But Takata, the Japanese maker of air bags that killed nine motorists and injured about 100 more, is turning toward the burgeoning field of driverless cars—a market that may be worth $42 billion annually by 2025, estimates Boston …
One might think that an auto parts company whose main product is at the center of a 19-million-vehicle recall involving a dozen carmakers would have its hands full. But Takata, the Japanese maker of air bags that killed nine motorists and injured about 100 more, is turning toward the burgeoning field of driverless cars—a market that may be worth $42 billion annually by 2025, estimates Boston …