Detroit Bureau on Twitter

Posts Tagged ‘Nissan airbag settlement Takata’

Nissan Agrees to Pay $97.7M in Takata Settlement

Less than 30% of Nissan vehicles have been repaired.

by on Aug.08, 2017

Nissan is paying $97.7 million to owners of vehicles equipped with Takata airbags.

Nissan agreed to pay $97.7 million to owners of its vehicles equipped with deadly Takata Corp. airbags to offset economic losses on the 4.4 million cars in the U.S. The move is part of a settlement with those owners.

The automaker said in a statement that it was not admitting fault under the settlement, which is similar to that of other companies that used the potentially lethal airbags.

News Now!

In June, a federal judge in Miami granted preliminary approval to settlements with Toyota Motor Corp., Subaru Corp., BMW AG and Mazda Motor Corp. totaling $553 million and affecting 15.8 million vehicles with Takata inflators, according to Reuters. (more…)