🚖Detroit carmakers to get $182M from Takata for faulty air bags
Washington — Detroit automakers will receive $182.3 million from the restitution fund the former Takata Corp. established as part of its guilty plea for producing millions of defective air-bag inflators that can explode with deadly force.
The United States District Court in the Eastern District Of Michigan said Tuesday that General Motors Co. will receive $86.8 million, Fiat Chrysler Automobiles NV will get $51.8 million and Ford Motor Co. will receive $43.7 million.
The payouts follow the recall of nearly 70 million Takata Corp. air bags, which is the largest automotive safety recall in U.S. history.
More than 60 companies in all will receive restitution totaling $850 million.