Nissan agrees to $98 million settlement on Takata economic loss claims

Reuters News
Posted: Aug 08, 2017 4:12 PM

WASHINGTON (Reuters) - Nissan Motor Co <7201.T> on Tuesday agreed to a $97.68 million settlement to resolve class-action consumer economic loss claims in the United States tied to the recall of 4.4 million vehicles with Takata air bag inflators, court records show.

The settlement is similar to others reached with major automakers. In June, a federal judge in Miami granted preliminary approval to settlements with Toyota Motor Corp <7203.T>, Subaru Corp <7270.T>, BMW AG <BMWG.DE> and Mazda Motor Corp <7261.T> totaling $553 million and affecting 15.8 million vehicles with Takata inflators.

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(Reporting by David Shepardson; Editing by Leslie Adler)