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Hundreds of Millions of Dollars Paid in Settlements.

September 27, 2018

Several automakers are paying hundreds of millions of dollars in claim settlements.

Takata Airbags are prone to exploding after prolonged exposure to heat prompting a massive recall, and hundreds of millions of dollars in settlements.

According to Fortune Magazine, Ford has agreed to pay $299.1 million to settle consumers’ claims connected to the Takata airbag recall. Additionally, Toyota, Subaru, Mazda, and BMW have agreed to pay $533 million and Nissan has agreed to a $98 million for settlements of economic loss claims.

Several automakers are paying hundreds of millions of dollars in claim settlements.

Takata Airbags are prone to exploding after prolonged exposure to heat prompting a massive recall, and hundreds of millions of dollars in settlements.

According to Fortune Magazine, Ford has agreed to pay $299.1 million to settle consumers’ claims connected to the Takata airbag recall. Additionally, Toyota, Subaru, Mazda, and BMW have agreed to pay $533 million and Nissan has agreed to a $98 million for settlements of economic loss claims.

According to the National Highway Traffic Safety Administration (NHTSA) “Tens of millions of vehicles with Takata air bags are under recall. Long-term exposure to high heat and humidity can cause these air bags to explode when deployed. Such explosions have caused injuries and deaths.”

At least 20 deaths and 180 injuries have been linked to the defective inflators in Takata Air bags. Vehicles from makes such as Ford, Nissan, and Toyota have settled consumer loss claims collectively summing hundreds of millions of dollars. This recall affects vehicles from 19 makers and has been deemed the largest in U.S. history.

NHTSA has issued a warning that hot and humid weather conditions could cause Takata air bags to explode during a collision due to a prolonged exposure of to these weather conditions.

A recall has been issued for the estimated that 50 million defective Takata airbags have been placed in 37 million cars in the United States. Several of these vehicles could be in states where the extreme hot and humid weather could cause the chemical propellant in many Takata airbags to explode, sending shrapnel into vehicle passengers.

The states of Texas and California, as well Florida, Georgia, Alabama, Hawaii, Louisiana, Mississippi, and South Carolina are at higher risk of having the defective airbags explode during a car crash.

If you want to know if your vehicle has a recall due to the defective Takata Airbags, you can visit the NHTSA’s site that hosts a database of the vehicles affected. There are more vehicles being added, to this database, with a total number of affected airbags estimated to be between 65 and 70 million by December 2019.

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