Automakers reach $553 million settlement over faulty Takata airbags
-
1:26
Brisk but beautiful weekend
-
5:15
ABC57’s Arts and Acts: All-American Rejects comes to South...
-
2:08
Whirlpool and Lake Michigan College host second Girls Rock IT...
-
2:24
Suspect arrested for allegedly sexually assaulting two girls...
-
0:25
Humane Society of St. Joseph County holds microchip clinic
-
2:58
Pulaski County Community Foundation provides support for childcare...
-
3:14
Green wave of economic growth in Michigan from marijuana dispensaries
-
1:28
Brisk, breezy but beautiful weekend
-
0:48
University Park Mall holding parking-lot carnival this week
-
1:52
While the rain is over, the cooling temperatures are not
-
2:28
Public forum hosted by John Glenn High School students
-
3:34
Kickoff preview with ABC57’s Allison Hayes
Millions of car owners whose vehicles were outfitted by the Takata airbags recall could soon receive some type of compensation.
A settlement was reached Thursday between four automobile companies and affected drivers. The amount each owner will get varies, but some could receive up to $500.
Drivers of nearly 16 million vehicles made by Subaru, Toyota, BMW and Mazda are all eligible for compensation.
The deal comes more than 8 years after initial reports of the recall first emerged.
The companies will pay a total of 553 million dollars. But not all of the money will go to car owners.
Some will go towards lawyers’ fees, but those payments haven’t been worked out yet.
Another portion of the money will be put towards a program aimed at getting more drivers to have their recalled cars fixed. That effort would regularly contact any affected car owners by mail, phone and social media.