Earlier this year, we reported that Takata, the Japanese auto parts maker that was charged with criminal fraud for covering up faulty airbags, had agreed to pay a $1 billion settlement after a US federal investigation. This week, Nissan agreed to pay $97.7 million in a class-action settlement due to customers' economic loss because of the recall of 4.4 million vehicles equipped with Takata airbag inflators.
While the car company is not admitting fault, this settlement is similar to others currently being negotiated. Autoblog reports that a federal judge preliminary approved settlements with BMW, Toyota, Subaru and Mazda for $553 million total, covering 15.8 million vehicles. Honda and Ford have not yet reached a settlement.
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