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    Friday, April 19, 2024

    Auto briefs: Airbag settlement, natural tires, STEM grants

    An agreement to resolve claims related to faulty airbags, a move toward sustainable tires, and grants to assist students into STEM careers were among the items promoted by automakers recently.

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    [naviga:li]Four automakers announced that they have reached agreements to resolve economic loss claims related to Takata airbags. These airbags prompted major recalls, affecting 19 brands and more than 42 million vehicles, due to faulty inflators which could potentially propel lethal shards of metal during a crash. BMW, Mazda, Subaru, and Toyota are the first to agree on a settlement structure, providing a combined total of $553 million for various activities and reimbursements. These include an outreach program to improve the recall completion rate, expanded rental or loaner car programs, and reimbursement of qualifying costs such as legal fees and out-of-pocket expenses.[/naviga:li]

    [naviga:li]General Motors is working to source its tires from natural, sustainable sources. The automaker says using natural rather than synthetic rubber helps reduce deforestation, support rubber tree farmers, and improve supply chains. GM says it is working with suppliers as well as governments, rubber industry associations, and environmental non-governmental organizations to achieve this goal.[/naviga:li]

    [naviga:li]Toyota has awarded two grants to organizations working to improve access to programs and careers related to science, technology, engineering, and mathematics. The automaker gave $2 million to Project Lead The Way, which will support STEM programs in 115 schools throughout the United States. A $350,000 grant was awarded to the National Alliance for Partnerships in Equity, which works to increase participation and retention of women and people of color in STEM careers.[/naviga:li]

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