Honda Motor Co. Ltd., the biggest player left in the Takata air bag multidistrict litigation, weighed in Friday with a $605 million settlement offering compensation to 16.5 million current and former Honda and Acura owners and lessees of vehicles made since 2001.
Honda, which made the most recalled vehicles with Takata air bags, will be entitled to a 20 percent discount by offering a free rental or loaner car policy, bringing its total cash payout down to $484 million. The agreement comes “without any admission of liability or wrongdoing.”
