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4 automakers agree to $553M settlement of Takata airbag claims

WASHINGTON (Reuters) - Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million vehicles with potentially defective Takata airbag inflators, according to court documents filed on Thursday. Toyota's share of the settlement costs is $278.5 million, followed by BMW at $131 million, Mazda at $76 million and Subaru at $68 million. According to a press release from Plaintiffs' Committee for Takata Airbag Product Liability Litigation, the funds for the settlement are aimed at getting more cars with faulty airbags fixed. At the time of writing, Toyota had the greatest recall completion percentage of 31.89 percent followed by Subaru with 31.37 percent. Mazda has completed repairs on 18.16 percent of affected cars, and BMW brings up the rear with 16.48 percent completion. Some settlement funds will go to an outreach campaign to increase awareness, while other funds will be used to reimburse people for any costs accrued to get their cars fixed. These costs can include rental cars, child care, lost wages, or any other reasonable costs associated with bringing in a vehicle for repairs. Furthermore, a customer support program will be funded with settlement money to handle any additional repairs or adjustments that could become necessary in the 75,000 miles following the airbag replacement. Lawsuits against Honda, Ford and Nissan have not been settled, lawyers said. Takata inflators, which can explode with excessive force and unleash metal shrapnel inside cars and trucks, are blamed for at least 16 deaths and more than 180 injuries worldwide. The safety defect has prompted recalls worldwide of about 100 million inflators by more than a dozen major automakers. Reporting by David Shepardson, additional details by Autoblog's Joel StocksdaleRelated Video: Government/Legal BMW Mazda Subaru Toyota

Mazda books first yearly profit in half-decade, NA still a drag

Automotive News reports Mazda has posted its first annual profit in five years. The company made $364.3 million in the last fiscal year, following a $1.14 billion loss the year prior. Operating profit also jumped up by $91.3 million to $572.8 million, thanks in part to a revenue increase of 8 percent to $23.42 billion.
But the news isn't all rays of sunshine. North America continues to be a problem for Mazda where the automaker posted yet another loss. The manufacturer lost $519.1 million last year, up from $427.8 million the year prior. While the launch of the CX-5 helped see US sales increase by 2 percent to 273,000 vehicles, the region as a whole bought up 372,000 units. Mazda had predicted closer to 380,000 units.
Even so, Mazda says it should have North America back in the black by next year, with the company forecasting a sales increase of 11 percent to 415,000 units in the region. That's thanks in part to a boost from the redesigned Mazda6 sedan.

2019 Mazda3 Review and Buying Guide | Redesigned and exceptional

The Mazda3 has long been a darling of car enthusiasts for its sharp styling and sharper driving dynamics. So when it was redesigned for 2019, there was some collective anxiety as to whether Mazda could continue the magic. From our experience, Mazda certainly has, and has improved its compact sedan and hatchback in many areas such as design and refinement. As a result, the 2019 Mazda3 is easily the most fun car in its segment to drive, barring specifically performance-oriented compact models, and now has materials and looks to rival entry-level luxury cars. Its only real faults are a slightly tight interior and a character that might put off fans of cushy cruisers. What's new for 2019? Pretty much everything. The Mazda3 has been completely redesigned for the 2019 model year. It's down to one engine for now — a lightly updated 2.5-liter naturally aspirated four-cylinder with or without cylinder deactivation — but a high-efficiency spark-controlled compression-ignition engine is coming later. And for the first time, the Mazda3 has available all-wheel drive on both sedan and hatchback body styles, making it one of only two cars in the segment with such a feature. 2019 Mazda3 AWD View 24 Photos What's the Mazda3's interior and in-car technology like? While the interior of the previous Mazda3 was one of the finest in the segment, the new model is vastly superior. In fact, it feels about on par with actual luxury cars in the top Premium trim. The dashboard has a sleek, modern look with subtle air vents, surfaces wrapped in a soft leather-like material, and an elegant steering wheel has nicely integrated buttons. All of the switchgear has a solid, crisp feel. The driving position is excellent, allowing the driver to sit either low or high and keeping all the controls and displays perfectly centered. Mazda also redesigned its infotainment system for this car. A major change is that there is no touchscreen functionality whatsoever, which is also partly why Mazda has moved the infotainment screen farther up the dash and more into the driver's line of sight. The entire menu layout has been revamped as well with options listed vertically instead of horizontally. The system runs substantially faster and smoother than the previous version, though it's not as easy to use due to additional layers of menus. It still isn't as complex as systems found in German cars, though. Mazda has also finally made Apple CarPlay and Android Auto standard features. How big is the Mazda3?