Automakers agree to $553 million settlement with car owners over Takata airbag recall
Toyota, Subaru, Mazda, and BMW have reached a proposed settlement to pay $553 million to compensate owners of 15.8 million vehicles affected by the massive recall of Takata air bags with potentially faulty inflators, according to court documents filed Thursday. A court still must approve the settlement. Takata's inflators, which can explode with too much force and hit drivers and passengers with shrapnel, have been blamed for at least 16 deaths and 180 injuries worldwide and caused the biggest recall in automotive history.