Politics

4 Car Companies Settle Takata Airbag Lawsuit for $553 Million

Consumers would be compensated for losses tied to defects and a related recall of Takata air bags, under a proposed settlement. Here, the airbag unit for the passenger seat of a Toyota Motor vehicle is seen in 2013.

The settlement does not cover claims of personal injury or property damage. But it would resolve a class-action suit against Toyota, Subaru, BMW and Mazda.

(Image credit: Bloomberg via Getty Images)