Menu Contact
Colley Shroyer Abraham
CALL Today Free Consultation 614-678-5072

Vehicle owners to receive $553M in product recall settlement

A settlement agreement has been reached to reimburse customers $553 million in order to facilitate recalls of the infamous Takata Corp. airbags. Takata has been a focal point of the largest safety recall in the history of the auto industry. The product recall settlement could affect customers in many states, including Ohio.

The airbags have been linked to as many as 17 deaths worldwide. The car companies that are part of the settlement are BMW, Mazda Motor Corp., Subaru Corp. and Toyota Motor Corp. While the settlement does not cover personal injury losses or death, it will cover as many as 15.8 million recalled vehicles.

Some car owners will be reimbursed for out-of-pocket expenses. Some will receive loaner vehicles while waiting for repairs to be made. An outreach program will be set up to help boost participation in the recall program. Any money that is left over from the settlement will be distributed among vehicle owners and those who have leased the automobiles. They will receive as much as $500 each in cash.

Multiple personal injury lawsuits and economic loss lawsuits have also been filed against Takata and these car companies, as well as Nissan Motor Co., Honda Motor Co. and Ford Motor Co. Over 100 million airbags are expected to be part of the recall, which is due to the fact that shards of glass can impale vehicle occupants when the product malfunctions. Takata has also reached a $1 billion settlement with the United States government, which includes a criminal fine of $25 million.

The product recall for these defective airbags is nationwide, including in Ohio. Anyone who has suffered economic loss, pain, injury or the death of a loved one due to a faulty product may have the right to legal recourse. A personal injury attorney with experience handling products liability claims at the state and federal level can help a client build a case in order to seek compensation for documented monetary damages.

Source:, "Takata Rises as Carmakers to Pay $553 Million Over Recall Losses", Margaret Cronin, May 18, 2017

No Comments

Leave a comment
Comment Information
contact button

Contact Us For A Free Legal Consultation

To discuss your legal matter with an attorney at our firm, call 614-678-5072 or complete the contact form below.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

  • Rated by super lawyer Daniel N Abraham
  • Rated by super lawyer David I. Shroyer
  • OHIO State Bar Association
  • Columbus Bar Association
  •  The ATLA
  • American Board of Trial Advocates