Honda Motor Co., Ltd agreed to pay $96.5 million as a settlement for the Takata airbag lawsuit
Honda’s recent settlement signifies the end of its involvement in the Takata airbag investigation. After years of litigation, more payments will be doled out due to faulty airbag systems, built by Takata Corp, that can cause metal fragments to fly toward passengers if ruptured. The result of this flaw led to at least 200 injuries and 14 people losing their lives.
According to allegations brought forth through the investigation, Honda allegedly failed to inform consumers and government regulators of the risks associated with Takata airbags installed in its cars.
New York Attorney General Letitia James, along with state prosecutors are pleased Honda has agreed to upgrade their airbag safety protocols, according to recent reports. In addition, the settlement included the implementation of new safety protocols.
For its part, Honda has been working on next-level airbag technology. We started reporting on massive recalls back in 2009. Since then, the automaker has significantly stepped up their safety programs throughout their organization. Examples include their “sail panel” or “baseball mitt” airbag.
Automakers, such as Ford, Chrysler, BMW, Toyota, Mazda, and Nissan have dealt with Takata airbags. Over 3-million vehicles have been recalled worldwide. In the wake of these massive recalls and lawsuits, Takata Corporation permanently shuttered its operations in 2018.