May 18 (Reuters) - Mazda North American Operations:
* Says BMW, Mazda, Subaru, Toyota announce agreements to resolve economic loss claims in Takata multidistrict litigation in U.S.
* Says programs offered in these agreements are intended to increase recall remedy completion rates for Takata airbag inflators
* The automakers have jointly agreed to provide a total of approximately $553 million to fund consumer outreach, reimbursements
* BMW, Mazda, Subaru and Toyota announce settlement of Takata economic loss claims to improve recall remedy completion rates
* Says agreements “do not contain or constitute any admission of liability or fault by four automakers”
* Says agreements cover the 4 automakers’ vehicles recalled/subject to recall for Takata PSAN inflators as described in NHTSA’s 2015 consent orders
* Costs related to class member notification, claims administration, attorneys’ fees, class representative awards are also covered under settlements Source text for Eikon: