BMW, Mazda, Subaru, Toyota To Pay $553M To Settle Takata Recall

The fallout from the Takata airbag recall continues as BMW, Mazda, Subaru, and Toyota have reached a $553 million settlement with the United States government.

The four automakers are the first to agree to a settlement over the Takata recall and the funds will be used for consumer outreach, rental car/loaner programs, and out-of-pocket cost reimbursement. More settlements are possible in the future as the companies note the “Takata airbag inflator recall is the largest such action in history and affects more than 42 million vehicles in the United States, across 19 automakers.”

Under the terms of the agreement, the automakers will fund outreach programs with the goal of “significantly increasing” recall completion rates. The companies will also offer rental cars to customers who request them and cannot get replacement parts for their vehicle within 30 days.

The settlement also calls for the automakers to pay out-of-pocket costs to affected owners. A special administrator will determine who is eligible and what is reimbursable, but the companies note customers will need to submit a request that is reasonable.

Lastly, the automakers will cover an assortment of different costs related to claims administration and notification of owners.

The settlement still needs to be approved by the U.S. District Court for the Southern District of Florida but that seems likely now that a settlement has been reached.

Photo Gallery

Ford Says Explorer ST Customers Aren’t Interested In A V8

The hottest Explorer on sale is powered by an EcoBoost 3.0-liter V6 with 400 HP.

SUV And Tow Truck Decide To Go Their Separate Ways

After the SUV fell off, the tow truck began rolling forward towards a parked van.

2020 Cadillac XT5 Facelift Bows In China With Minor Updates

The 2020 Cadillac XT5 has a new grille and an updated infotainment system with a rotary controller.

Spiderman Goes Electric, Takes A Spin In The Audi E-tron GT

The latest Spiderman flick will feature cameos by the Audi A7, Q8 and e-tron.

Acura To Tackle Pikes Peak With A 400 HP MDX Sport Hybrid

Acura is also bringing along four other models to the hillclimb, including two NSXs.

James Bond May Drive The Aston Martin Valhalla In New Film

The Valhalla will hit the streets in 2021 with a 1,000 hp hybrid powertrain.

Ferrari 488 Pista Laps The Top Gear Track In A Record 1:12.7

The Ferrari 488 Pista features a twin-turbo V8 with a brutal 711 hp and 568 lb-ft of torque.

BMW Unlikely To Chase Mercedes-AMG’s A45 S With 1-Series M Hatch

The BMW 1-Series range will likely be topped out by the M135i.

2020 Mercedes GLA Compact Crossover Is The A-Class You’ll Most Likely Buy

The new generation of the popular Mercedes GLA is rumored to debut at the Frankfurt Motor Show.

Bowlus Road Chief ‘Endless Highways’ Is A $185k Retro Travel Trailer Bathed In Chrome

The Bowlus Road Chief ‘Endless Highways’ will set you back $185,000.