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$605 mn

Honda reaches $605 mn settlement over defective airbags

WASHINGTON: Japanese carmaker Honda reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads, the legal team for the victims said Friday. Honda joins Nissan, Toyota, BMW, Mazda and Subaru in agreeing a deal to settle a lawsuit, replace the defective airbags from now-bankrupt Takata, and to compensate car owners. The latest agreement was filed in the US District Court in Miami. Peter Prieto, one of the lawyers leading the team going after Takata, said the deal,…