Takata Airbag Class Action Settlement
Claim Form Deadline: Pending
Estimated Payout: Varies
Proof required: Yes
Method of payment: Cash / Electronic (TBD)
**This settlement is available for claimants with proof in the form of their VIN number.**
What's This Settlement About?
A nearly $1.6 Billion class action has been filed alleging that automanufacturers BMW, Ford, Honda, Mazda, Nissan, Subaru, Toyota, and Volkswagen
installed over 100 million "Takata" airbags that were involved in a recall, the largest in U.S. automotive history. The settlement is also known as
the Takata MDL economic loss settlement. This settlement covers about 32 million of those
recalled airbags, in which it is alleged that economic loss was imposed on auto consumers. Settlement funds are intended to reimburse those owned or leased
certain vehicles produced by the above mentioned car manufacturers. Reimbursements will be for expenses related to out-of-pocket repairs, replacements of airbag
systems, and the supply of loaner vehicles to replace faulty automobiles.
Each of the involved car manufacturers have their own details, including dates for which claims qualify for those manufacturers:
BMW $131 Million Settlement
Ford $299.1 Million Settlement
Honda $605 Million Settlement
Nissan $97.7 Million Settlement
Mazda $75.8 Million Settlement
Subaru $68.2 Million Settlement
Toyota $278.5 Million Settlement
Volkswagen and Audi $42 Million Settlement
How Do I Qualify For Payment?
You are part of the settlement if:
You are part of the Takata Settlement if you are:
A current owner or lessee of a Subject Vehicle distributed for sale or lease in the United States and all of its territories and possessions, as of dates depending
on which car you owned or leased; or
A former owner or lessee of a Subject Vehicle distributed for sale or lease in the United States and all of its territories and possessions, who sold or returned,
pursuant to a lease, a Subject Vehicle after and through certain dates, also depending on which car you owned or leased.
What Can I Get?
The proposed settlement benefits include the following, among other items:
• An Outreach Program;
• A Rental Car/Loaner Program;
• An Out-of-Pocket Claims Process;
• A Customer Support Program; and
• A potential Residual Distribution in lump sum.
How Do I File a Claim and Get Paid?
To receive a payment, you must either (1) file a Registration/Claim for reimbursement of the reasonable expenses you incurred
related to the Takata Airbag Recall, or (2) file a Registration/Claim for a Residual Distribution of up to $250.
You must submit a completed Claim Form to receive a payment. To do so you will first need to confirm that your VIN number is included in the proposed class action.
You will receive your payment by electronic means (unless you opt for an alternative form of payment).
You can fill out a claim form depending on which automaker manufactured your car (BMW, Ford, Honda, Mazda, Nissan, Subaru, Toyota, and/or Volkswagen)
on the official class action's website