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10/21, 5:57 PM (Source: TeleTrader)
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Honda wins $5M settlement with Arizona

The United States Attorney General Mark Brnovich confirmed on Wednesday that the state of Arizona reached a $5 million settlement with the American branch of Honda Motor Co regarding the probe into defective Takata airbag systems.

Honda Motor Co said earlier this month that it has confirmed a 17th US death tied to a faulty Takata airbag inflator.

Honda explained that the 2002 Civic model "had been under a recall since December 2011 for replacement of the driver’s frontal airbag inflator, while the passenger’s frontal airbag inflator was recalled in 2014."

Breaking the News / TF