More than 4 million Nissan owners are entitled to $500 as part of a faulty air bag settlement with the Japanese car manufacturer. Nissan agreed to pay $97.7 million to settle class-action claims in the settlement.
The settlement is due to faulty Takata airbag inflators that were installed in 4.4 million Nissan vehicles, according to Reuters. Though Nissan admittedly installed the air bags, the company is not conceding that they had any fault in the matter.
The Takata airbag inflators are now responsible for 16 deaths and 180 injuries, according to Clark.com. During its rapid inflation, the air bag inflators have been known to burst with excessive force, discharging metal shrapnel inside vehicles.
This settlement follows at the heels of several other major automaker settlements, including Toyota, Subaru, BMW AG and Mazda, affecting 15.8 million vehicles with Takata inflators. Honda and Ford have not yet agreed to settle consumer economic loss claims.
In addition to the $500 reimbursement to Nissan owners, the company has agreed to pay for other economic losses and out-of-pocket expenses, such as rental cars for some owners, a customer support program for repairs and adjustments, and an extended warranty.
Nissan models involved in the recall include the Maxima, Pathfinder, Sentra, Versa Sedan and Versa Hatchback, built between 2001 to 2012. According to Reuters, 29.9 percent of Nissan vehicles recalled with Takata inflators had been fixed as of late June.
In June Takata filed for bankruptcy for its defective airbags in what has become the largest ever automotive recall. What do you think? Join the conversation on our Facebook page.