Share on Facebook
Share on Twitter
Share on LinkedIn

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 figures are down slightly from a recommendation from those from a special master established to oversee the fund. Recommendations had called for GM to receive $90 million, while Fiat Chrysler would have gotten $53.8 million and Ford would have received $45.3 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.

The Japanese air-bag manufacturer, which was sold to Chinese-owned Key Safety Systems that is headquartered in Sterling Heights, will be required to pay $121.5 million to Honda Motor Co., which had the most Takata air bags recalled of any automaker.

Read more