Takata, Honda lose bid to toss out class-action lawsuit in US
They agree on settlements for 6 deaths
New York
A US judge has rejected a bid by airbag manufacturer Takata Corp and carmaker Honda Motor Co to toss out a class-action lawsuit on behalf of millions of owners with potentially faulty airbag inflators, even as the firms are moving to quickly settle death claims.
The Japanese companies have agreed to undisclosed settlements for six of eight deaths linked to ruptured inflators as US prosecutors ramp up a probe of the ruptures and whether regulators were misled. Four settlements have been reached in recent months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified