Nokia and Matsushita agree on defective battery costs

by Thomas Ricker posted Aug 24th 2007 at 4:50AM

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.