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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.

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