Honda agrees to pay US$85 million settlement over faulty airbags
Two US-based units of Honda Motor Company has agreed to pay US$85 million to settle investigations into the automaker’s use of defective Takata airbag inflators.
The settlement brings an end to the numerous state probes into allegations that Honda failed to notify both regulators and consumers of its use of defective airbag inflators. It was found that long-term exposure to heat and humidity can cause the defective airbag inflators to explode when deployed, sending metal fragments flying into passengers and potentially causing harm.
Original Article Source Credits: Insurance Business ,https://www.insurancebusinessmag.com/
Article Written By: Lyle Adriano
Original Article Posted on: 27 Aug 2020
Link to Original Article: https://www.insurancebusinessmag.com/ca/news/auto-motor/honda-agrees-to-pay-us85-million-settlement-over-faulty-airbags-231916.aspx