Skip to Content

AOL Tech

Nokia and Matsushita agree on defective battery costs

Sorry, if you came here looking for actual numbers, there aren't any. However, Nokia did announce that Matsushita Battery will be left holding the bag for all "direct costs" related to the overheating Nokia-branded batteries produced by the Japanese manufacturer. Specifically, that includes "logistics costs, call center costs, and replacement battery costs" among others. Notably absent: legal costs.

Update: A statement issued by Matsushita says that the recall will cost them between $86 and $172 million -- the low end of analyst predictions.
Subscribe to these comments

Reader Comments (Page 1 of 1)

Zune HD ExposedHTC Hero: Android Evolved
Follow us on TwitterEngadget Video



AOL News

Joystiq

Download Squad

TUAW

Daily Finance

Asylum

Autoblog

Switched.com

FanHouse

Autoblog Green