General Motors, Fiat Chrysler Automobiles, and Ford will receive $182.3 million from the restitution fund established as part of Takata’s guilty plea for producing defective airbag inflators.
The Detroit News reports that on Tuesday, the United States District Court in the Eastern District Of Michigan confirmed General Motors will receive $86.8 million, Fiat Chysler Automobiles are receiving $51.8 million, and Ford will walk away with $43.7 million. These figures are slightly down on the $90 million, $53.8 million, and $45.3 million sums that were recommended from a special master overseeing the fund.
Of the tens of millions of Takata airbag inflators recalled in the United States, Honda has been forced to recall the largest number of vehicles of any automaker. The Japanese automaker will, therefore, receive $121.5 million from the restitution fund.
The rest of the $850 million fund will be received by roughly 60 other companies impacted by the faulty airbag inflators.
The Takata airbag recall is the largest in U.S. automotive history
The faulty airbag inflators have been linked to 22 deaths worldwide, most of which have occurred in Honda vehicles
According to the National Highway Traffic Safety Administration, just 22.3 million of the 50 million airbags recalled by March 2 have been repaired.
If the Takata airbag inflators in question encounter high humidity, the propellant inside can explode with too much force during a crash, sending metal shrapnel flying towards the driver and passengers.