Settlement FAQs

is the takata airbag settlement real

by Jamarcus Harvey Published 2 years ago Updated 2 years ago
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On 29 June 2022, the Supreme Court of NSW Approved the settlement arrangements. The total approved settlement sum is $52 million. Once the Administrator has reviewed all claims, eligible group members will receive compensation.

Full Answer

What do you need to know about the Takata airbag recall?

Takata airbag recall: What you need to know

  • The issue. The problem is that the airbag inflator can be adversely affected by moisture, with the result being a chance the inflator could deploy with explosive force when in ...
  • Recall action. The recall is voluntary in New Zealand and was in Australia until yesterday. ...
  • "Alpha" airbags most at risk. ...
  • The current situation New Zealand. ...

How many people have died from Takata airbag defect?

Airbags made by Takata have been associated with at least three deaths and 14 million recalls. By Hiroko Tabuchi and Christopher Jensen Air Bag Flaw, Long Known to Honda and Takata, Led to Recalls

Is my car affected by the Takata airbag recall?

You can check if your car is part of the Takata airbag recall with the following steps: Locate your vehicle's 17-character vehicle identification number (VIN) in the lower left inside corner of your car's windshield. You can also find the VIN on your car's registration card or your insurance card.

What does the Takata recall really mean?

The compulsory recall requires suppliers, manufacturers, importers and car dealerships to ensure any vehicles fitted with faulty Takata airbags are replaced by December 31 2020. Drivers themselves aren't being compelled to do anything.

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Is the auto airbag settlement check legit?

It's not a scam. You got this notice because you may be able to claim money as part of a recent class action settlement. You're not alone. Thousands are starting to receive these notices – including a couple of us here at ClassAction.org.

How much are the Toyota settlement checks?

U.S. Judge James Selna is weighing final approval of a $1.1 billion settlement in Santa Ana, Calif., Bloomberg News reports. He has already approved a preliminary agreement. Of that, the agreement includes $757 million in cash and $875 million in "non-monetary benefits" for owners or former owners of Toyota vehicles.

Who is paying for the Takata airbag recall?

Honda settles with a group of U.S. states in Takata airbag safety probe.

How much money did Takata lose?

Takata has lost almost all of its market value from its 2007 peak of 400 billion yen ($3.6 billion).

How much will I get from the Takata airbag settlement?

Under the proposed settlement and with no admissions as to liability, the defendants will pay $52 million (settlement sum) to settle the Takata Airbag Class Actions inclusive of legal costs, expenses, disbursements, interest and any funding commission approved by the Court.

How much is the Toyota class action?

More than 260,000 Toyota drivers are being asked to sign up from Monday to a potential $2 billion lawsuit against the manufacturer. It follows a Federal Court ruling in April that certain versions of the Toyota HiLux, Prado and Fortuner had defective diesel particulate filters.

How much was the airbag lawsuit?

Four of the world's largest automakers have agreed to settle economic damage claims caused by exploding Takata airbags and their subsequent recall.

How serious is the Takata airbag recall?

NHTSA has confirmed that 19 people in the United States have been killed when their defective Takata PSAN air bag inflators exploded. In addition, at least 400 people in the United States have allegedly been injured by exploding Takata air bag inflators.

How much is a Takata class action?

$52 millionSix car manufacturers including top-selling Toyota have agreed to pay $52 million to settle class action cases in the NSW Supreme Court accusing them of selling deadly Takata airbags.

Where is Takata now?

In June 2017, Takata filed for bankruptcy. It was acquired by Key Safety Systems....Takata Corporation.Native nameタカタ株式会社Defunct11 April 2018FateAcquired by Key Safety SystemsSuccessorJoyson Safety SystemsHeadquartersRoppongi, Minato-ku, Tokyo, 106-8488 , Japan14 more rows

Is Takata going out of business?

Takata was forced into bankruptcy amid lawsuits, multimillion-dollar fines and crushing recall costs involving the air bags. Key to the restructuring plan is the planned sale of most of its assets to a Chinese-owned rival for $1.6 billion.

How much did the Takata recall cost?

In November, NHTSA rejected a petition filed by General Motors Co to avoid recalling 5.9 million U.S. vehicles with Takata air bags. GM said the callback covered 7 million vehicles worldwide and would cost $1.2 billion.

Is there a class action lawsuit against Toyota?

The class-action covers Toyota HiLux, Prado and Fortuner diesel vehicles that were sold between 2015 and 2020, allegedly fitted with faulty diesel particulate filters.

Why did Toyota get sued for?

The lawsuits allege that Toyota violated various warranty laws, state consumer protection laws, and other common laws. The legal claims revolve around the allegation that defects in the vehicles caused "sudden unintended acceleration."

What happened to Takata airbags?

The sheer cost of the recall forced Takata into bankruptcy.

What was Takata charged with?

The Justice Department charged Takata with wire fraud. Investigators claimed that Takada knew as early as 2000 that their airbag inflators were defective, but the company concealed the dangers from United States regulators.

How much money did automakers get for the airbag recall?

Several automakers have also established settlement funds totaling more than $1.5 billion for people who suffered economic losses because of the recall. Three dozen carmakers installed the defective airbags in more than 180 different models of cars and trucks between the 2000 and 2018 model years. Injuries People Claim.

What did the state attorneys general accuse Takata of?

In a separate case, the state attorneys general accused Takata of concealing safety problems with its airbags and failing to report safety defects. They claimed the company engaged in unfair and deceptive practices that violated state consumer protection laws.

How much was Takata fined?

Separate actions by the U.S. Department of Justice and attorneys general from 44 states and the District of Columbia resulted in $1.65 billion in penalties against Takata. Much of the money was earmarked to compensate people whom the company’s airbags had injured. The Justice Department charged Takata with wire fraud.

How much did Takata pay in 2017?

In January 2017, the Justice Department announced Takata would pay a $1 billion criminal penalty that included $975 million for restitution and a $25 billion fine.

When do you have to submit an airbag claim?

Claims for airbag incidents occurring on or after April 10, 2018, have to be submitted within three years or within the legal deadlines set by the state where the incident happened.

Why are Takata airbags being recalled?

Based on information provided by Takata and acting under a special campaign by NHTSA, the involved automakers are responding to this safety risk by recalling all vehicles that have these specific airbags. While the automakers are prioritizing resources by focusing on high-humidity areas, they shouldn’t stop there. We encourage a national approach to the risks, as vehicles tend to travel across state borders, especially in the used-car market.

How many deaths have Takata airbags caused?

Nineteen fatalities and more than 400 injuries have been linked to the Takata airbags in the U.S., and in some cases the incidents were horrific, with metal shards penetrating a driver’s face and neck. As awful as they are, such incidents are very rare. In June 2015, Takata stated that it was aware of 88 ruptures in total: 67 on the driver’s side and 21 on the passenger’s side out of what it calculated was just over 1.2 million airbag deployments spread over 15 years. Despite these figures, airbags in general are not a danger. The Department of Transportation estimates that between 1987 and 2015, frontal airbags have saved 50,457 lives.

What Is Taking So Long for My Airbag to Arrive?

As of January 2018, NHTSA says that airbag shortages have eased significantly. At first, many affected owners learned that it could take weeks or months for their replacement airbags to arrive. Takata has ramped up and added to its assembly lines to be able to produces a million replacement kits per month. But given the scale of this recall, and the reality that some airbags may have to be replaced a second time, this recall will take years to get all of the millions of replacement airbags produced and installed into affected vehicles.

Can Other Suppliers Step in to Fill the Gaps?

Other major suppliers are now involved, including AutoLiv, TRW, and Daicel. Takata has said that it is now using competitors’ products in half the inflator-replacement kits it is churning out, and expects that number to reach more than 70 percent. Those rival suppliers also use a propellant that hasn’t been implicated in the problems Takata has experienced.

Are the Airbags in My Car Definitely Defective?

No. Since 2002 only a very small number of some 42 million cars have been involved in these incidents. Between November 2014 and May 2015, Takata reported to NHTSA that the company had conducted more than 30,000 ballistic tests on airbag inflators returned pursuant to the recalls. In those tests, 265 ruptured. That is an unacceptably high number, and, at 0.8 percent, a far higher frequency than what has been seen so far in vehicles on the road. According to defect reports filed with the government, Takata said that as of May 2015 it was aware of 84 ruptures that had occurred in the field since 2002.

Should I Expect to Pay Any Money to Get the Recall Fix?

Repairs conducted under the recall are free, but unrelated problems discovered during the service may not be.

How many people died in the Honda Accord accident in 2021?

The tragedy occured on January 9, 2021, in Lancaster County, S.C. This bring the total U.S. fatalities to 19.

Who makes Takata airbags?

For those who haven’t heard, Takata Corporation is a Japanese auto parts company that manufactured airbags that were the subject of several lawsuits against automakers including Mazda, BMW and more. The lawsuits claim that the Takata-brand airbags are defective and can potentially explode on impact – and that the car companies should be held liable for selling vehicles in which these airbags were installed.

How much did BMW pay for class action lawsuit?

While some companies are still fighting the claims, four automakers– BMW, Mazda, Subaru and Toyota – have agreed to pay a total of $553 million to settle the class actions against them. Now, anyone with the affected vehicles may be eligible to claim compensation. Hence, your class action settlement notice. (The latest settlement covers these four ...

What Can I Expect from the Settlement?

Great question! But unfortunately, it doesn’t have a simple answer that will apply to everyone across the board.

How to check if your car was included in a settlement?

You could check your Vehicle Identification Number to see if your car was included in the settlement, go to the individual page for your automaker, or jump right in and start filling out a claim form. If you don’t have all the information to fill out the form immediately, don’t worry.

Does a settlement notice mean a recall?

Your receipt of a Settlement Notice does not mean your vehicle is subject to a recall. Please refer to the National Highway Traffic Safety Administration’s website, www.safercar.gov, for the latest information about Takata recalls and to determine if your vehicle is subject to a recall.”.

Can you claim money from class action lawsuits?

In short, no. The notices that some of you may have received are simply to make you aware that class actions have been settled and that it may be time for you to claim some money. Here’s what the settlement site says about the state of the recalls:

Does a car company have your information?

The company whose car you purchased – whether it BMW, Mazda, Subaru or Toyota – has your information on file because, well, you bought their car. As part of the lawsuit process, automakers had to hand over documents, including customer files. This allowed the administrator of the settlement to find out where you live and what car you had. Sounds creepy, but it’s really not. You can learn more about class action notices and this whole process here.

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