The $1.6 billion Takata airbag economic-loss settlement reimbursed owners of BMW, Ford, Honda, Mazda, Nissan, Subaru, Toyota and Volkswagen vehicles with recalled airbags. The claim deadlines have passed.
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.
Status
Claims Closed
Main claim deadline passed Aug 2, 2022 · VW/Audi window closed July 8, 2026
Claim Deadline
August 2, 2022 (Passed)
Estimated Payout
Varies
Out-of-pocket reimbursement + up to $250 residual distribution
Proof Required
Yes
VIN required
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
Volkswagen & Audi owners: the VW/Audi claim deadline is July 8, 2026. See our full breakdown of who qualifies and how to claim up to $500 on the Volkswagen & Audi Takata airbag settlement page.
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 had to 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. A completed Claim Form was required to receive a payment, and you first had to confirm that your VIN number was included in the proposed class action. Payments were issued by electronic means (unless an alternative form of payment was chosen). The main Takata claim deadline of August 2, 2022 has passed and this settlement is now closed to new claims.Free settlement alerts
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