Automaker Ford Motor Co. has agreed to a $299.1 million settlement in the multidistrict Takata airbag defects litigation. Nearly 70 million airbags from more than nearly 20 different auto manufacturers worldwide have been recalled due to dangerous flaws in vehicle airbags manufactured by Japan-based Takata Corporation.
Automakers and Key Safety Systems (the company acquiring Takata’s viable business assets) have agreed upon a deal that will end the bankruptcy for Takata Corp’s U.S. unit, TK Holdings Inc. The agreement includes a trust that will be established to pay compensation for those injured or killed by defective Takata airbags. Compensation will vary based
1.2 Million New Vehicles Added to Ongoing Recall in Face of Airbag Explosion Threat The threat of dangerous Takata airbags have led to yet another round of vehicle recalls, as U.S. safety regulators have named more than 1.2 million additional vehicle models across 14 different automakers to the Takata airbag recall list. The newest round
Right on the heels of a January 8 recall expansion that added 3 million airbags, automakers Toyota and Honda have announced the recall of more than 1 million additional vehicles in the United States that are equipped with defective and potentially deadly Takata airbag inflators. This marks yet another increase to a cumulative recall that
Japanese airbag maker Takata is adding another 3.3 million faulty airbag inflators to the world’s largest automotive recall in U.S. history. The newly recalled airbags correspond to vehicles from Honda, Toyota, Audi, BMW, Daimler Vans, Fiat Chrysler, Ford, General Motors, Jaguar-Land Rover, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru and Tesla manufactured in 2009, 2010 and 2013.