MIAMI, December 8, 2021 / PRNewswire / –

A settlement was reached in a class action lawsuit alleging that consumers suffered economic losses because they purchased or leased vehicles from Volkswagen AG, Volkswagen Group of America, Inc., VW Credit, Inc., Audi AG or Audi of America, LLC (collectively “Volkswagen”) containing allegedly defective airbags manufactured by Takata Corporation and its subsidiaries (“Takata”). The Regulations include certain vehicles manufactured by Volkswagen (the “Affected Vehicles”). Volkswagen denies any allegation of wrongdoing and the court has not decided who is right.

Affected vehicle owners or lessees who have already received a separate recall notice for their Volkswagen or Audi vehicle and have not yet had their Takata airbag repaired should do so. as soon as possible. When the recalled Takata airbags inflate, they can, in very rare cases and under certain circumstances, project metallic debris toward vehicle occupants and cause serious injury. However, certain Volkswagen and Audi vehicles may be recalled for repair at a later date. Please watch www.nhtsa.gov/equipment/takata-recall-spotlight#for-consumers-overview for details on which vehicles have been recalled and, if applicable, what owners or renters should do.

The Regulations include the following persons and entities:

  • Owners or tenants, as of November 10, 2021, of a relevant vehicle that has been distributed for sale or rental in United States or any of its territories or possessions, and
  • Former owners or lessees of a subject vehicle that was distributed for sale or lease in United States or one of its territories or possessions, which, between February 9, 2016 and November 10, 2021, sold or returned, under a rental agreement, a vehicle in question.

A full list of affected vehicles is available at www.AutoAirbagSettlement.com. The Settlement does not involve claims for personal injury.

Volkswagen accepted a Settlement worth around $ 42 million, including a 20% credit for the Enhanced Rental Car Rental / Loan Program. Settlement funds will be used to pay for settlement benefits and cover settlement costs over a period of approximately four years.

The Settlement provides several benefits to Class Members, including (1) the payment of certain reimbursable costs incurred in connection with the recall of a Takata airbag from an Involved Vehicle, (2) a car rental / loan program during that certain Vehicles in question are awaiting repair. , (3) an outreach program to maximize the completion of recall repair, (4) additional cash payments to class members from residual settlement funds, if any, and (5) a customer support to assist with repairs associated with replacement airbag inflators. The settlement website explains each of these benefits in detail.

Class Members must file a claim to receive payment within the first four years of the Settlement. If a party member still owns or leases an involved vehicle, they should also take it to an authorized dealer for recall, as indicated by a recall notice, if they have not already done so. . Visit the website and file a claim online or download one and file it by mail. The deadline for filing a complaint will be at least one year from the date of finalization of the Settlement. All deadlines will be posted on the website when they are known.

Class Members who do not want to be legally bound by the Settlement must exclude themselves by February 14th, 2022. If the class members do not exclude themselves, they will waive any claims they may have against Volkswagen and the Released Parties, in exchange for certain benefits of the settlement. The potential benefits available are further described in the Regulations, available on the Regulations website. Class Members may object to the Settlement by February 14th, 2022. Class Members cannot both opt out of and oppose the Settlement. The Detailed Settlement Notice available at www.AutoAirbagSettlement.com explains how Class Members can opt out or object. The Court will hold a fairness hearing on March 7, 2022 consider whether to ultimately approve the Settlement and a request for legal fees of up to 30% of the Total Settlement Amount. Class members can appear at the fairness hearing, either on their own or through a lawyer they hire, but this is not required. For more information, including claims relief, eligibility and release, in English or Spanish, call 1-888-735-5596 or visit www.AutoAirbagSettlement.com.

URL: www.AutoAirbagSettlement.com

THE SOURCE United States District Court of the Southern District of Florida