Nissan to pay $97.7 million to exit takata settlement
Nissan to Pay out Nearly $100 Million to Exit Takata Airbag Settlement
August 11, 2017
Automaker Nissan has agreed to pay $97.7 million to be released from its legal obligations in the sprawling Multi-District Litigation (MDL) case over the dangerously defective airbags manufactured by the now-bankrupt firm Takata, which placed its products in the vehicles of nearly every major auto manufacturer.
In the terms of the settlement, Nissan will distribute money to help its customers pay for everything from towing fees to lost wages to child care. The company will also establish a program of free vehicle rentals.
If the settlement is approved, Nissan will join BMW, Mazda, Subaru, and Toyota in being released from legal obligations pertaining to the Takata case, which is the largest automotive product recall in American history.
At press time, only Honda and Ford remain part of the lawsuit.
Takata’s airbags have been linked with 11 deaths in the U.S., and the company has agreed to pay $1 billion in fines and restitution.
Nearly 4.4 million Nissan vehicles will be covered under the terms of the proposed settlement.
If you believe the airbag in your car – or any other piece of essential equipment in your vehicle, or in your home – is dangerously defective, then you may be entitled to financial compensation. Contact TheLawFirm.com to learn how we can help you.
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