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4 automakers agree to $553M settlement of Takata airbag claims

WASHINGTON (Reuters) - 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's share of the settlement costs is $278.5 million, followed by BMW at $131 million, Mazda at $76 million and Subaru at $68 million. According to a press release from Plaintiffs' Committee for Takata Airbag Product Liability Litigation, the funds for the settlement are aimed at getting more cars with faulty airbags fixed. At the time of writing, Toyota had the greatest recall completion percentage of 31.89 percent followed by Subaru with 31.37 percent. Mazda has completed repairs on 18.16 percent of affected cars, and BMW brings up the rear with 16.48 percent completion. Some settlement funds will go to an outreach campaign to increase awareness, while other funds will be used to reimburse people for any costs accrued to get their cars fixed. These costs can include rental cars, child care, lost wages, or any other reasonable costs associated with bringing in a vehicle for repairs. Furthermore, a customer support program will be funded with settlement money to handle any additional repairs or adjustments that could become necessary in the 75,000 miles following the airbag replacement. Lawsuits against Honda, Ford and Nissan have not been settled, lawyers said. Takata 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 major automakers. Reporting by David Shepardson, additional details by Autoblog's Joel StocksdaleRelated Video: Government/Legal BMW Mazda Subaru Toyota

Watch the trailer for Amazon's 24 Hours of Le Mans documentary

Amazon's video streaming service is taking a cue from Netflix and filling its library with new, high-quality original content. This is great news for car enthusiasts, as the company seems interested in tailoring to our diverse tastes. After the successful debut of The Grand Tour, Amazon announced a new documentary based on an annual race in France. Le Mans: Racing is Everything is set to debut later this year. The first action-packed teaser just debuted. The limited series will explore the race's roots and what makes it such a grueling but rewarding place for teams and drivers and such an awesome spectacle for fans. New Black Films, the production company behind the series, embedded itself with the Porsche, Audi, Nissan, Toyota, Aston Martin and Rebellion teams, interviewing drivers like Mark Webber and Andre Lotterer. The series is set to debut on Friday, June 9, plenty of time to catch up before the 24 Hours of Le Mans later next month. Keep an eye and ear out for another Amazon project, a yet-to-be-named series on Formula 1. Related Video: News Source: Amazon, YouTube via The Verge Motorsports TV/Movies Audi Porsche Toyota Amazon le mans 24 hours

Toyota Expands Airbag Recall To 2.2 Million Vehicles Worldwide

Was your Toyota inspected under the company's recall campaign for faulty airbag inflators last year? You might have another trip ahead to have it repaired again. The automotive giant says that it found "the involved serial numbers provided by the supplier were incomplete, and did not include all of the potentially involved inflators," according to its official announcement. That means more replacements are needed. Toyota's April 2013 inflator recall covered the Corolla, Matrix and Tundra from the 2003 and 2004 model years, the Sequoia from 2002 to 2004 and the Lexus SC 430 from 2002 to 2004. At the time, the company said it would need to inspect about 510,000 vehicles in the US but only expected to replace around 170,000 inflators. However, the latest announcement increases that figure to about 766,300 vehicles in the US. Toyota spokesperson Cindy Knight told Autoblog that the new amount is the combination of owners who need to have their vehicle looked at again and those who didn't come in for the initial recall. The company learned about the problem when Takata, the supplier, provided it with an improved list of the faulty part's serial numbers. According to The Detroit Free Press, the latest recall affects about 2.27 million vehicles from them worldwide. Knight said owners would receive notification of the problem around the end of the month but repairs would come in phases because the automaker doesn't have all of the necessary parts at the moment. The original problem occurred because the front passenger airbag inflator from Takata could have an improper propellant that could cause it to burst in an accident and not allow the airbag to deploy properly. Toyota inspected all the vehicles listed but only changed the inflators with specific serial numbers. Now, it's replacing them all. This wasn't just a problem for Toyota, though. Honda, Nissan and Mazda also used the faulty inflators and issued recalls at the same time. Autoblog has contacted the other Japanese automakers about whether similar campaigns are necessary for them. We will update this story, if we hear back from them. Scroll down to read Toyota's announcement. UPDATE: Honda spokesperson Jessica Howell sent along the following statement: Honda is aware that Toyota recently announced a recall of front passenger's airbag inflators. Honda is not aware of any incidents in our vehicles related to Toyota's action. We are currently investigating the potential implications to Honda vehicles.