Ford agrees to $299.1 million U.S. Takata air bag settlement [Reuters]
Ford Motor Company (F)
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Source: Reuters
Ford agrees to $299.1 million U.S. Takata air bag settlement | Reuters 3 Min Read WASHINGTON (Reuters) - Ford Motor Co ( F.N ) agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. 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 ( 7267.T ); Toyota Motor Corp ( 7203.T ); Nissan Motor Co ( 7201.T ); Mazda Motor Corp ( 7261.T ); Subaru Corp ( 7270.T ) and BMW AG ( BMWG.DE ). At least 23 deaths worldwide are linked to the rupturing of faulty Takata air bag inflators. T
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