A $741-million settlement resolving consumer class actions against BMW, Mazda, Subaru, and Toyota for dangerously defective Takata airbag the automakers used in their vehicles has been granted final approval. U.S. District Court Judge Federico A. Moreno in Florida approved the settlements on Nov. 1. The four automakers are the first to exit sweeping multidistrict litigation (MDL) over consumer economic-loss claims stemming from Takata airbags, which prompted the largest auto safety recall in U.S. history. The settlements were initially announced in May, with Toyota agreeing to pay $278.5 million. BMW of North America agreed to pay $131 million to resolve the ... Read More
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