Chrissie Thompson - Automotive News
General Motors has settled a class-action lawsuit involving early transmission failures in the more than 90,000 Saturn vehicles carrying its VTi continuously variable transmission.
The settlement, which has preliminary approval from a federal judge, could cost GM more than $100 million, said Rob Schmeider, a plaintiffs' lawyer from the Lakin Law Firm of Wood River, Ill.
The settlement applies to owners of 2002 to 2005 Saturn Vues or 2003 or 2004 Saturn Ions with failed VTi transmissions, which cost around $4,000 to $5,000 to replace, Schmeider said. The percentage of individual plaintiffs' expenses that will be paid depends on the mileage of the vehicle when the transmission failed, and whether owners purchased the vehicle new or used.
If the judge grants approval, all people listed on qualifying vehicle titles will receive claim forms for past and future expenses related to failure of the VTi transmission before vehicles reach 125,000 miles. The settlement applies to VTis that fail within eight years of the model year.
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