Any chance you bought a GM vehicle between 1995 and 2004? If so, GM might owe you as much as $800 as part of a settlement in one of the largest product-liability lawsuits a U.S. automaker has ever faced.
The problem stems from an engine coolant known as Dex-Cool, which caused engine malfunction in an estimated 35 million vehicles. Even if you bought your car used, you could be entitled to compensation for repairs linked to the faulty coolant.
The details break down like this: If you paid for a repair because of Dex-Cool on any 3.1-, 3.4-, 3.8-, or 4.3-liter V-6 engine in the first seven years or 150,000 miles of the vehicle’s life, then GM owes you some amount of money. If the repair came in the seventh year, you're owed $50, in the sixth year $100, and any repair in the first five years earns you $400. Any damage to the car beyond the engine's cooling system, and you're looking at up to $800. Finally, if you had to pay for multiple repairs, you’re entitled to multiple repayments.
Now you're beginning to see how this could add up for GM.
Claims can be submitted until Oct. 27 of this year. For more information, or if you think you qualify for repayment, go to www.dexcoolsettlement.com. Read the models after the jump.
Model years 1995-2003, equipped with 3.1-liter or 3.4-liter V-6 engine:
Buick: Century, Rendezvous
Chevrolet: Impala, Lumina, Malibu, Monte Carlo, Venture
Oldsmobile: Alero, Cutlass, Silhouette
Pontiac: Aztek, Grand Am, Grand Prix, Montana, Trans Sport
Model years 1995-2004, equipped with 3.8-liter V-6 engine:
Buick: LeSabre, Park Avenue, Regal, Riviera
Chevrolet: Camaro, Impala, Lumina, Monte Carlo
Oldsmobile: Eighty-Eight, Intrigue, LSS, Ninety-Eight
Pontiac: Bonneville, Firebird, Grand Prix
Model years 1995-2000, equipped with 4.3-liter V-6:
Chevrolet: Blazer, Chevrolet S-10
GMC: Envoy, Jimmy, S-15
GM to Pay in Coolant Repair Cases (Detroit Free Press)