GM Gets Close To Resolving Dex-Cool Settlement
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11,300 owners of 1995-2004 GM vehicles are nearing the end of a long road.
Back in 1995, GM began to use “Dex-Cool” coolant in its vehicles; in fact, you may very well be driving a vehicle that uses Dex-Cool. After GM had Dex-Cool vehicles out on the road, owners began to file complaints regarding engine and radiator problems that turned out to be linked to the Dex-Cool coolant. Despite this, GM kept using the coolant and complaints kept rolling in; then, in 2003, a series of class-action lawsuits were filed due to the coolant problems in model year 1995 to 2004 GM vehicles.
A settlement was reached in 2008, with GM paying out $24 million in fees to cover expenses for the lawyers and owners. In total, GM received 68,114 claims, most of which were paid until GM declared bankruptcy in 2009.
Now, some closure is coming to the remaining owners who have filed a claim. A proposed settlement has $2.2 million going to Dex-cool owners since they are debtors in the Old GM’s bankruptcy. The $2.2 million will be turned into stock in the New GM and sold for cash to cover the 11,300 claims still in limbo.
It’s unknown if the plan will go through before the bankruptcy court formally approves the liquidation plan later on this year.
Source: The Detroit News
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I received a “final” check from the GM dexcool lawsuit after about 2 years after puting in a claim for the cost of rebuilding my engine in a 1999 Buick Century.
My payment was for $10 and change, and I am just wondering where did all the money go? Did the lawyers steal it? My $10 payment is a joke and a slap in the face for something that cost me close to $800 to fix.
I am just trying to find out where the money went, or can you tell me who I need to ask that question to?
Thanks for any help.
I called GM about my car ask me how old was my car 98 and not 50,000 on miles they said go buy a new car/
I WILL NEVER BUY ANOTHER GM
THEY DID NOT HONOR MY CLAIM
CONCERNING DEXCOOL ANTIFREEZE.
MY INTAKE MANIFOLD GASKET FAILED AT 36,000 MILES! GM ENGINES SUPPOSED TO LAST 250,000 MILES WITHOUT FAIL. GM HAS TURNED INTO CHEAP CRAPPY COMPANY!!
I WILL NEVER DO BUSINESS WITH GM AND WOULD HIGHLY SUGGEST ALL OF YOU TO BOYCOT GM. YOU CAN SEE WITH ALL THE RECALLS THAT GM HAS NOW. PEOPLE ARE DYING BECAUSE OF THEIR INCOMPETANCE!!!
Get your head out of the sand George: the recalls are actually a good thing.
Now, what didn’t GM honor and why?
I just found out about the Dexcool Recall after I took My Jimmy Truck to Belle Tire!!! I never received a letter or notification about Dexcool, so I kept using it faithfully since 2008!!! I experienced blown intake gaskets in 2009, and I just replaced my radiator last month at Belle Tire! When I insisted that they use Dexcool only, that is when I was informed of The Damage that Dexcool Caused!!! No more claims are being accepted, and when I called GM today, a Representative named Rachael just basically told Me Too Bad because an outside source is handling this!!! This issue Cost Me $878.22 to be exact!!! GM should reimburse everyone who has valid documentation of the damages to their car/truck in regard to Dexcool–ESPECIALLY TO THOSE WHO NEVER KNEW/WEREN’T NOTIFIED ABOUT THE ISSUE OR CLAIMS/SETTLEMENT!!!!! Too Much Like Fair/Right huh??? -T.L-
I Hear You George, but it isn’t that serious!!! GM still makes the Better Cars/Trucks when it comes down to under the hood!!! All of these Manufacturers have flaws/faults and have made mistakes/recalls!!! Nevertheless, I’ll choose a GM overall anyday–AND I GOT JACKED JUST LIKE YOU!!! Next time My Old or New GM starts acting up/needs a repair, I’ll be checking for RECALLS ETC….. -T.L-
GM IS SICKENING AND I WILL NEVER EVER BUY A GM CAR AGAIN. I BOUGHT A 04 CHEVORLET MONTE CARLO IN 07 WITH 46,000.00 MILES. NEVER HAD ANY ISSUES UNTIL THIS YEAR. AT 136,000.00 MY CAR STARTED TO OVER HEAT, AFTER 1625.000 IN REPAIRS NEW RADITIOR, GASKET INTAKE, THERMOSTAT, GASKET INTAKE, MANIFEST, AND NOW BLOCK HEAD THAT WAS DAMAGED LIKE NEVER BEFORE THAT MECHANIC SAID IN 20 YEARS HAS NEVER SAW ONE THIS BAD, FINALLY GOT ALL THE PART BRAND NEW ALL ALL THE DEXCOOL OUT OF MY CAR AND REPLACE WITH NORMAL COOLANT LIKE IT SHOULD HAVE BEEN USED WITH FROM THE START, TO AVOID THE ORANGE GUNK AND FAILURE TO MY ENGINE. I WAS NEVER PART OF THE LAWSUITE THAT WAS FILE IN 2008-2009 WHICH MY CAR WAS LEASE FROM A DEALERSHIP SO I SHOULD HAVE BEEN INCLUDED AND NOW STUCK WITH THESE OUT OF POCKET EXPSENSES IS NOT RIGHT. I HATE GM FOREVER!
I have had this happen 3 times on 2 different vehicles and never once received notification that the coolant was the problem. By the time I found out there was a recall I was also told it was too late. I have spent well over $2000 on repairs with receipts to prove it and have never gotten a dime of reimbursement. Now I am dealing with the whole -engine could catch fire- problem for the 2nd time!! I am being told not to park in my garage for fear of catching fire! I live where it gets very cold and we usually get a nice amount of snow so I am not thrilled to have to park outside. I Love my Grand Prix but enough is enough already GM!!!!
Can I be notified of a recall due to Dex Cool.