Nissan agrees to $98 million settlement on Takata economic loss claims

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Tue, 08 Aug 2017 - 08:45 GMT

BY

Tue, 08 Aug 2017 - 08:45 GMT

 Nissan logo at the 2017 New York International Auto Show in New York - REUTERS

Nissan logo at the 2017 New York International Auto Show in New York - REUTERS

WASHINGTON - 8 August 2017: Nissan Motor Co (7201.T) on Tuesday agreed to a $97.68 million settlement to resolve class-action consumer economic loss claims in the United States tied to the recall of 4.4 million vehicles with Takata air bag inflators, court records show.

The settlement is similar to others reached with major automakers. In June, a federal judge in Miami granted preliminary approval to settlements with Toyota Motor Corp (7203.T), Subaru Corp (7270.T), BMW AG (BMWG.DE) and Mazda Motor Corp (7261.T) totaling $553 million and affecting 15.8 million vehicles with Takata inflators.

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