Ford Agrees to $300M Takata Air Bag Settlement

Ford Motor Co. agreed to an economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators.

July 17, 2018

July 17, 2018—Ford Motor Co. agreed to an economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, Reuters reports.

The settlement covers several forms of economic damages linked to the inflators, including claims that vehicles were inaccurately represented to be safe, buyers had overpaid for cars with defective or substandard air bags and faced out of pocket costs to deal with recalls.

Six automakers have previously agreed to similar settlements worth over $1.2 billion combined, including: Honda Motor Co; Toyota Motor Corp; Nissan Motor Co; Mazda Motor Corp; Subaru Corp and BMW AG.