September 1, 2017 / 6:21 PM / in 3 months

BRIEF-Honda says reaches agreement to settle Takata Airbag inflator MDL

Sept 1 (Reuters) - Honda Motor :

* Honda says reached agreement to resolve economic loss claims in Takata Airbag inflator multidistrict class action litigation in the United States

* ‍Honda says as part of settlement valued at $605 million , Honda will create fund of nearly $200 million to augment its recall efforts​

* Honda says settlement also establishes fund to reimburse out-of-pocket costs incurred by Honda customers in obtaining the free replacement part‍​

* Honda - Agreement covers Honda, Acura vehicles already recalled or subject to any future recall for Takata inflators used in some airbag modules in U.S. Further company coverage:

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