GM Mileage Reimbursement Could Total $100 Million
Compensation Estimated to Range from $450-$1,500 Per Owner
Following General Motors’ admission that it overstated fuel economy figures for its 2016 Lambda fullsize crossover models, which include the Buick Enclave, Chevrolet Traverse, and GMC Acadia, comes a Reuters report giving more details of the remuneration. According to the report, vehicle owners will be offered the choice of an extended warranty or a prepaid debit card worth between $450-1,500. The reimbursement level was based on a formula of $3 per gallon gasoline and 15,000 miles driven per year. Lease customers will be offered a debit card, and a 48-month, 60,000-mile extended warranty will be targeted to customers that plan on keeping the vehicles for a longer period. Individual settlements will be negotiated with fleet customers. A class-action lawsuit has already started in Florida on behalf of owners.
Sales on 2016 model Lambda crossovers were temporarily halted until corrected fuel economy stickers could be made available. The revised ratings for 2016 Lambda vehicles are 15 mpg city and 22 mpg highway for both front and all-wheel drive models. Prior to the adjustment, the vehicles were rated at 16 mpg city and 23 mpg highway for all-wheel-drive models and 17 mpg city and 24 mpg highway for front-drive models. For comparison, the 2016 Chevrolet Tahoe 4WD with a 355hp 5.3L V-8 is rated at 16 mpg city and 22 mpg highway. The 2016 Lambda crossovers are powered by a 3.6L 288hp V-6.