WASHINGTON (Reuters) - Ford Motor Co said on Friday it will begin notifying owners April 1 in its new recall of 2.9 million vehicles in North America with potentially defective driver-side Takata air bags after U.S. regulators demanded the fix in January. The second largest U.S. automaker said in January it would comply with the National Highway Traffic Safety Administration request and that the recall would cost $610 million. The defect, which leads in rare instances to air bag inflators rupturing and sending potentially deadly metal fragments flying, prompted the largest automotive recall in U.S. history of more than 67 million inflators.
Read more about M&M says no widespread layoffs , 48 employees left due to redundancies in last 12 mths on Business Standard. Mahindra & Mahindra on Wednesday said it has let go 48 employees in the last one year due to redundancies while another 98 have been given six months to find a role.Refuting reports that the company has fired 300 executives in its automotive and
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Read more about Ashok Leyland Ltd extends losing spree on Business Standard. Ashok Leyland Ltd is quoting at Rs 121.75, down 3.22% on the day as on 13:19 IST on the NSE. The stock jumped 77.61% in last one year as compared to a 42.9% rally in NIFTY and a 58.34% spurt in the Nifty Auto index.
Read more about Auto stocks slip after weak FADA data on Business Standard. The Nifty Auto index slipped 0.76% to 10,427 after the auto body FADA said automobile registration in February 2021 declined compared with the same period last year.