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Toyota, 3 other automakers settle suit over Takata air bags for $553 million

Toyota, Subaru, Mazda and BMW have reached a proposed settlement that would compensate owners of 15.8 million vehicles for money they lost due to the massive recall of Takata air bags. In documents filed Thursday with a federal court in Miami, the automakers agreed to pay $553 million to compensate…
Source: Morningcall

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