According to Reuters, a source familiar with the upcoming compensation plan stated the entire operation will leave a $100 million tab for General Motors. The plan will include pre-paid debit cards, or an extended 48-month/60,000-mile warranty for 135,000 U.S. owners and 11,000 Canadian. The source stated the maximum amount allotted to a debit card will be $1,500, with a minimum of $450.
GM overstated fuel economy for the trio of full-size crossovers after not including new data from additional, new emissions hardware onboard the vehicles. GM said it based reimbursement on the EPA formula used for window labels: “a fuel price of $3 per gallon and 15,000 miles of annual driving for five years.”
GM has since ended the stop-sale on 2016 model year crossovers affected by the overstatement.