WASHINGTON May 18 Four automakers agreed to a
$553 million settlement to address class-action economic loss
claims covering owners of nearly 16 million vehicles with
potentially defective Takata airbag inflators, according to
court documents filed on Thursday.
Toyota Motor Corp's share of the settlement costs is
$278.5 million, followed by BMW AG at $131 million,
Mazda at $76 million and Subaru Corp at $68 million.
Lawsuits against Honda Motor Co, Ford Motor Co
and Nissan Motor Co have not been settled, lawyers
Takata Corp inflators, which can explode with
excessive force and unleash metal shrapnel inside cars and
trucks, are blamed for at least 16 deaths and more than 180
injuries worldwide. The safety defect has prompted recalls
worldwide of about 100 million inflators by more than a dozen
(Reporting by David Shepardson; Editing by Jonathan Oatis)