NIS­SAN OF­FERS TO PAY $97.68M IN AIR BAG SET­TLE­MENT

The Denver Post - - BUSINESS -

MI­AMI» Nis­san Mo­tor Co. would pay $97.68 mil­lion un­der a pro­posed set­tle­ment with ve­hi­cle own­ers af­fected by the Takata air bag re­calls.

The set­tle­ment would pay for a new out­reach pro­gram to en­sure Takata air bags are re­moved from 4.4 mil­lion af­fected Nis­san ve­hi­cles. It also would com­pen­sate own­ers for ex­penses while getting their cars fixed, in­clud­ing rental cars.

Takata’s air bag in­fla­tors can ex­plode with too much force, hurl­ing shrap­nel into driv­ers and pas­sen­gers. They are blamed for at least 16 deaths and 180 in­juries world­wide. The prob­lem touched off the largest au­to­mo­tive re­call in U.S. his­tory.

The Nis­san set­tle­ment is sim­i­lar to those reached in May with Toy­ota, BMW, Mazda and Subaru.

The set­tle­ment was filed Tues­day in fed­eral court in Mi­ami. It still needs a judge’s ap­proval.

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