Four automakers announce Takata settlements

BMW, Mazda, Subaru and Toyota have announced agreements to resolve economic loss claims in the Takata multi-district litigation in the US.

“The programmes offered in these agreements are intended to increase recall remedy completion rates for Takata airbag inflators, among other customer benefits,” they said in a joint statement.

The Takata airbag inflator recall is the largest in history and affects more than 42m vehicles in the US, across 19 automakers.

Given the size, scope and severity of the Takata recall, these automakers are the first to agree to a settlement structure to fund consumer contact, rental car/loan vehicle programmes and out-of-pocket cost reimbursement.

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