The steering wheel of a Ford Focus electric vehicle.
Photo by David Paul Morris/Bloomberg via Getty Images
By Michal Addady
November 23, 2015

Ford joins other big name automakers in dumping Takata following a huge, and seemingly continual, recall.

The year-long investigation recently culminated in a $70 million fine with the potential of adding on an extra penalty of $130 million. The airbags have been known to rupture, ejecting metal fragments into the interior of the car and harming passengers. The faulty airbags have resulted in eight known deaths as well as dozens of injuries.

Over 23 million vehicles have been recalled in the U.S. alone with millions more overseas and the possibility of even more recalls in the future.

The Associated Press reports that after recalling over 1.5 million cars due to faulty airbags, Ford has officially decided against including Takata manufactured airbags in its future vehicles. The automaker is in good company, joining Honda, Toyota, and Nissan.

Takata reported a loss of $45.8 million as a result of recall-associated costs and has shaved a massive 75% off of its 2015 profit forecast.

SPONSORED FINANCIAL CONTENT

You May Like

EDIT POST