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

Reuters  |  WASHINGTON 

By David ShepardsonWASHINGTON (Reuters) - Nissan Motor Co on Tuesday agreed to pay $97.7 million to settle class-action claims of consumer economic loss in the United States tied to the recall of 4.4 million vehicles with Takata air bag inflators, court records show.Nissan said in a statement that it was not admitting fault under the settlement.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 , Subaru Corp , BMW AG and Mazda Motor Corp totalling $553 million and affecting ...

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First Published: Wed, August 09 2017. 02:14 IST