Honda Motor Co. (HMC - Get Report) plans to announce a $605 million economic loss settlement Friday, Sept. 1, in its ongoing reparations for selling cars with potentially faulty Takata airbags, sources told Reuters.

The settlement will cover the 11.4 million U.S. vehicles with Takata airbag inflators that can potentially rupture and cause serious injury or deaths.

Honda joins other major automakers that have agreed to help speed the recall repairs and pay total settlements worth about $650 million.

Honda stock traded up 0.6% to $28.27 early Friday afternoon.

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