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Honda reaches $605 million US settlement over Takata air bags: Report

Honda reaches $605 million US settlement over Takata air bags: Report

Honda reaches $605 million US settlement over Takata air bags: Report
September 01
18:31 2017


A file photo of a deployed airbag is seen in a 2001 Honda Accord at the LKQ Pick Your Part salvage yard on May 22, 2015 in Medley, Florida.

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A file photo of a deployed airbag is seen in a 2001 Honda Accord at the LKQ Pick Your Part salvage yard on May 22, 2015 in Medley, Florida.

Honda Motor will announce a $605 million economic loss settlement on Friday covering 11.4 million owners of U.S. vehicles with potentially faulty Takata air bag inflators, sources briefed on the matter said.

The Japanese automaker joins other major automakers that have reached similar settlements, and agreed to take additional actions to try to help speed up recall repairs of vehicle inflators that can potentially rupture and cause serious injuries or deaths. Five other automakers have reached similar settlements worth about $650 million in total.



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