Four automakers agree to $553 million settlement to resolve Takata claims
May 20, 2017, 00:22
Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of almost 16 million recalled vehicles with potentially defective Takata airbag inflators, according to court documents filed on Thursday. Four automakers including Toyota and BMW agreed yesterday to pay US$553 million (RM2.39 billion) to settle a U.S. lawsuit over the defective Takata airbags blamed for 11 deaths in the United States alone.
The agreement was filed in the U.S. District Court for the Southern District of Florida, Miami Division as part of the multidistrict litigation now being overseen by Judge Federico Moreno.
Takata airbag inflators have been linked to at least 17 deaths and more than 180 injuries worldwide. By 2019, automakers will recall 64 million to 69 million US inflators in 42 million vehicles, regulators said in December.
- Compensation to class members for their economic losses resulting from the recall in the form of reimbursement for reasonable out-of-pocket expenses.
The auto makers that are part of Thursday's deal have agreed to regularly contact consumers to encourage them to participate in the settlement and get vehicles repaired, through phone calls, mail, social media, online alerts and other methods.
Tokyo-based Takata in May 2015 agreed to double a United States recall to a record more than 30 million vehicles made by some of the world's biggest automakers.
Islamic State slays scores of civilians in Syria
Syria's state news agency SANA said troops and pro-government gunmen repelled the IS attack on villages in Hama province. The two villages are home to members of several religious minority sects, and Al-Mabujeh has been targeted by IS before.
Korean Kim becomes youngest to win Players Championship
Cabrera Bello threw his 8-iron high in the air, and it went into the water, though at least it could be retrieved. Now he has a platform upon which to build for the rest of the year having returned to the world's top 100.
Auto makers will also reimburse some expenses such as for transportation, storing or towing charges, child-care bills and lost wages during vehicle repairs. The recall affects vehicles as far back as the 2000 model year and as recent as the 2016 model year. He added, "We appreciate the efforts of Toyota, BMW, Mazda and Subaru to do right by their customers in reaching these agreements". Manufacturers will provide a rental or loaner vehicle to any qualified owner, and for whom parts won't be available for at least 30 days.
Lawsuits against Honda Motor Company HMC, Ford Motor Company F and Nissan Motor have not been settled yet, per the lawyers.
Toyota's portion of the settlement is the highest, at $278.5 million.
The auto companies cite Takata's guilty plea and the settlement as a "game changer" maintaining they were not aware that the air bags were faulty when they installed them in their vehicles.
In January, Takata agreed to plead guilty to USA charges of criminal wrongdoing and to pay $1 billion to resolve a federal investigation into its inflators.
Japanese Emperor Akihito waves to well-wishers on his 83rd birthday, his first since voicing a desire to abdicate . The legislation is necessary because Japan's Imperial House Law does not provide for the emperor to step down.
One adult and one child were transported by Medevac helicopter, one by Maryland State Police and one by Delaware State Police. The bus ended up hitting an embankment and striking a tree before overturning onto its left side on the roadway.
He said the majority of Aeroplan members earn points not through flying but rather shopping while using those affiliated cards. In a statement Air Canada said that "Effective June 30, 2020, Aeroplan will no longer be the loyalty programme for Air Canada".
Mr Kenny will continue to perform his duties as Fine Gael leader in an acting capacity until a successor is appointed on 2 June. The former refers to the way Coveney has raised his profile by trying to tackle a severe housing and homelessness crisis.
SoftBank paid more than $20 billion to take control of Sprint in 2012 and has struggled to turn the US carrier around. Shares of both Sprint and T-Mobile were up more than 2 percent Wednesday morning on the news.
If the key to this series is simply "home cooking", the Wizards better bring their own chefs if they return to Boston . After getting blown out in Game 5, Washington is back to being a 5.5-point favorite in Game 6, via OddsShark .
Interestingly enough, Kendall's Los Angeles home was also burglarized in March , with robbers taking $200,000 worth of items. At 11:30 PM on Tuesday three male suspects knocked on the door to his L. home, police officials told the site.
The infection was spread due to a security vulnerability that Microsoft didn't know about, but the National Security Agency did. Industry experts said the UAE was lease affected because the ransomware attack peaked on a non-working day in the country.
So it is through imagination that one must picture the late-night presser and the sheer weirdness of the entire event unfolding. I want to say this is a new low for Spicer, but...he's just had so many blunders that I don't know if that's even true.
The meat of Popovich's argument was that Pachulia's closeout on Kawhi Leonard was "dangerous" and "unsportsmanlike" . His rant, while undoubtedly coming from a place of extreme frustration, also comes with an additional benefit.
Despite these warnings from the U.S., North Korean officials have not shown any signs of stepping back from their nuclear tests. Officials and experts, however, claimed that no nation has mastered the necessary technology to follow through with the threat.
Jason McCourty likes what's "brewing" in Cleveland
Williams, the Browns' fiery defensive coordinator, was a senior assistant defensive coach with the Titans in 2013. He finished his career as the FBS all-time leader in field goals made (96) and points by a kicker (494).
New 'pinned chats' feature rolls on WhatsApp for Android
This comes in as a handy tool when you have too many chats to scroll down and look for a specific piece of information. The new feature is just like the " pin post" feature on a Facebook page if you might have ever operated one.
Aishwarya blossoms in green at Cannes
For her attractive eyes, she applied the La Palette Nude in Rose, Superliner Black Lacquer and the Volume Million Lashes Mascara. With her tresses left open, she looked exquisite as she exuded confidence and elan in her one-shoulder floor-sweeping dress.
GOP senator: North Korea missile test 'one of most advanced yet'
United States officials said the missile hit the water around 60 miles (around 100 kilometers) from eastern Russia's Vladivostok. The Korean Central News Agency has called North Korea's new missile a "ground to ground medium to long-range ballistic missile".
A Surprise Meeting With Henry Kissinger In The Oval Office
In Washington, Tillerson made no comment on the Comey firing or on the substantive issues he would discuss with Lavrov. The diplomats met Wednesday in Washington - and there's a new Russian-led agreement to create safe zones in Syria.
Oosthuizen, Stanley Share Lead At Players Championship
The cut was at 2-over 146, and there will be another cut Saturday because more than 78 players advanced to the weekend. He arrived at the 18th tee at even par and seemingly destined to safely make the halfway cut in Ponte Vedra, Florida.
Thousands demonstrate against new French president Macron
Macron's landslide win over the far-right's Marine Le Pen has been hailed a victory of hope and optimism, over fear and reaction. Le Pen's campaign advisers say the National Front is now the "primary opposition party in the country".
Philippines, USA Hold Military Drills
Co-director for this year's joint US-Philippines military exercise dubbed " Balikatan 2017", Lt.Gen. Oscar Lactao, said the exercise's priority was chosen based on guidance from Duterte.
Hertz skids after reporting wider loss than anticipated
COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. TRADEMARK VIOLATION WARNING: This piece of content was first published by Markets Daily and is owned by of Markets Daily.