Takata Product Liability Case Settled With 4 Companies
I’m Ed Smith, a Berkeley car accident lawyer. In documents that were filed May 18, four car manufacturers reached a settlement on the Takata product liability case to compensate 15.8 million owners of motor vehicles in connection with the Takata air bag recall. The automakers, Toyota, Mazda, BMW and Subaru agreed to a compensation of $553 million. In addition, they agreed to increase the effort to repair vehicles still equipped with the faulty air bags.The proposed settlement figure has not yet been approved by the court.