Takata Airbag Class Actions - Home (2024)

FAQs

How much will I get from the Takata airbag settlement? ›

How much compensation am I entitled to? The Per Vehicle Settlement Amount to Participating Group Members has been determined to be $846.55. Where separate Group Members lodged a registration for the same Affected VIN, the payment between those group members will be split evenly.

Under the terms of the settlement, the defendants would pay a combined sum of $52 million, equating to approximately $1,558 per vehicle when divided amongst the 33,400 participating class members.

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.

Some of those airbags could deploy explosively, injuring and even killing car occupants. A total of 67 million airbags have been recalled. As of April, 2024, NHTSA reports that 88 percent have been repaired/replaced, still leaving many millions of at-risk airbags on the road.

People have mixed feelings about class-action suits, and whether you cash class-action refund checks is up to you. Generally, if you get one, you probably paid a lot more in wrongful fees than you're getting back in the settlement. If you don't cash the check, the money may go back to the company.

If your class action lawsuit is successful, you will receive a portion of the settlement or court award. Plaintiffs are paid by a lump-sum payment or a structured settlement. Smaller payouts are usually dispersed as a single payment.

In Re: Takata Airbag Products Liability Litigation (Economic Loss Track Cases) Ford, Honda, Mazda, and Nissan implemented their settlements on April 1, 2023 and the Final Claim Deadline for these settlements is March 31, 2025.

How long will the repair for this recall take? The time to replace the front-passenger airbag inflator is approximately two hours. However, it may be necessary to leave your vehicle for an extended period of time on the day of your appointment to allow your retailer flexibility in scheduling.

In personal injury cases, such as those from car accidents, compensatory damages awarded for physical injuries are not taxable. However, for the award to be tax-free the IRS maintains that injuries need to be visible.

How much are the Toyota settlement checks? ›

Eligible Class Members' payments may range from $37 to $125, depending on the state in which the Class Member resides, the number of claims submitted, and other adjustments and deductions.

There is no average settlement for airbags not deploying. Every car accident case will have a unique set of recoverable damages based on the specific circ*mstances of the accident and of the injured party.

How many people have been killed or injured by defective Takata PSAN air bag inflators? NHTSA has confirmed that 27 people in the United States have been killed when their defective Takata PSAN air bag inflators exploded.

So far, about 50 million airbags have been recalled, and more recalls are expected in 2019. According to a New York Times review of Takata's internal documents, each airbag costs about $100 to replace.

Many automakers such as Mercedes-Benz placed airbag replacement labels on all vehicles sold in the U.S. through 2002. Those labels called for airbags to be replaced after 15 years. But after much research, automakers have concluded that airbags produced after 1992 will last the lifetime of the vehicle.

In personal injury cases, such as those from car accidents, compensatory damages awarded for physical injuries are not taxable. However, for the award to be tax-free the IRS maintains that injuries need to be visible.

Sometimes, leftover money might be distributed among class members or donated as a cy-pres award. In simplest terms, the cy-pres doctrine means a court will order the funds to be redistributed to a charity or another organization that aligns with the issue at hand with the class action lawsuit.