Ford Motor Co. has agreed to pay $299.1 million to settle consumers’ economic-loss claims connected to Takata Corp. air-bag recalls. The settlement, filed in federal court in Miami Monday, reimburses consumers for out-of-pocket expenses and provides free loaners for owners …
Malaysia’s transport minister said Saturday that owners of more than 71,000 affected Honda cars will be penalized if they fail to replace flawed Takata air bags, in a drastic move to curb fatalities. The deaths of seven people in Malaysia …
General Motors Co., Volkswagen AG, Fiat Chrysler Automobiles NV and Daimler AG knew of problems with Takata air bag inflators and should have moved faster to recall vehicles, according to company documents cited on Wednesday by owners suing the automakers. …
Ford Motor Co. said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp. and urged 2,900 owners in North America to stop driving immediately until they can …
Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, court documents filed on Thursday showed. Toyota Motor Corp.’s share of the …
Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …
Japan’s three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp., saying they were taking back millions of vehicles worldwide for investigation. Toyota Motor Corp. and Nissan …
