Volkswagen Inks $42 Million Settlement Over 1.35 Million Cars with Takata Airbag Issue

The settlement marks the latest closure to cases by major automakers and at this point it appears the majority of the funding will go toward ramping up recall completion rates. At this writing, seven other major automakers have already agreed to settlements that total some $1.5 billion USD and cover tens of millions of vehicles. The defect led to, “in rare instances,” airbags inflators ruptur... (continue reading...)