VW Inks $42M Deal To Resolve Takata Air Bag MDL

By Nathan Hale (September 1, 2021, 8:32 PM EDT) -- Volkswagen has agreed to a $42 million settlement to resolve consumer lawsuits over the use of defective Takata Corp. air bag inflators in its vehicles, according to a Wednesday filing by the plaintiffs seeking preliminary approval of the deal from a Miami federal court.

The proposed settlement with Volkswagen Group of America Inc., Audi of America LLC and their affiliates covers 1.35 million vehicles, the plaintiffs said in their motion. The deal is modeled on settlements previously approved with seven other automakers in the sprawling multidistrict litigation. Consumers are also pursuing claims against General Motors, Mercedes-Benz and Stellantis.

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