Meadow Walker's attorney said in a statement that the settlement would go into a trust for the teen.
Meadow Walker claimed the manufacturer knew the model had a “history of instability and control issues”
'Furious 7' has made more than $252 million at the US box office since its 3 April release.
The not-so-fast-or-furious music video made its Youtube debut this week.
Cast mates described Walker’s character retirement as beautiful, emotional, joyful and respectful.
Jameson Brooks Witty (18), one of two people arrested for taking the car part, pleaded guilty to grand theft.
Walker's two brothers will help finish action scenes and fill in small gaps for their brother.
The Los Angeles County Sheriff said the crash was caused by excessive speed and not mechanical failure.
Dwayne Johnson took the No.1 spot in the Forbes list of top grossing actors in 2013.
The LA County coroner said Walker's death resulted from "traumatic and thermal injuries".
Paul Walker was a passenger in a fiery one-car crash on Saturday in Santa Clarita, California.
Paul Walker's business partner Roger Rodas has been identified as the man who died with the actor.
The Fast and the Furious star was killed in a car crash on his way to a charity benefit.
