In her lawsuit, Meadow had sought damages for "design defects" that she claimed had kept her father trapped in the Porsche Carrera GT when it crashed and burst into flames in November 2013.
The 18-year-old daughter of the late star and the German luxury car maker had reached reached a resolution on October 16, said The Blast citing documents obtained.
The terms of the settlement are confidential, and both parties have pleaded that the lawsuit be dismissed.
Meanwhile, Walker's father has also settled a separate lawsuit against the company.
Disclaimer: No Business Standard Journalist was involved in creation of this content