Ford Agrees To $300M Deal To Exit Takata Air Bag MDL

Law360 (July 16, 2018, 6:05 PM EDT) -- Ford Motor Co. on Monday agreed to a $299.1 million deal that allows the company to exit multidistrict litigation over defective Takata Corp. air bags and accelerates the removal of dangerous air bag inflators from 6 million affected vehicles.

Ford Motor Co. vehicles have been subject to recall over defective Takata air bags. (AP) Under the terms of the deal, Ford will inform affected consumers about the recall of cars with the defective air bags using a state-of-the-art outreach program that regularly contacts class members through direct mail, phone calls, email, internet ads, social media and in-person canvassing, according to the...

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