From my attorney
EcoDiesel Proposed Settlement
1/10/19 7:20 PM
We have reached a proposed $330M settlement with FCA and Bosch in the EcoDiesel litigation. The settlement compensates current and former owners and lessees, and provides a software update that brings the vehicles into emissions compliance. The EPA and CARB have conducted extensive testing of the software modification and determined that the modification does not materially affect fuel mileage or performance.
The software update comes with an extended warranty for the greater of (i) 10 years from the date of initial sale or 120,000 actual miles on the vehicle odometer, whichever comes first; and (ii) 4 years or 48,000 miles, from date and mileage of installing the software patch, whichever comes first.
- Eligible owners who purchased their vehicle on or before January 12, 2017 and still own the vehicle at the time the approved software update is installed will receive a payment of $3,075 in addition to a software update and the extended warranty.
- Eligible owners who purchased their vehicle after January 12, 2017 and still own the vehicle at the time the approved software update is installed will receive a payment of $2,460 in addition to a software update and the extended warranty. If no other valid claim is filed for the same vehicle, an eligible owner in this category may receive the full $3,075.
- Eligible current lessees will receive a payment of $990 in addition to a software update and the extended warranty.
- Eligible former owners and former lessees will receive a payment if $990.
None of these benefits will be reduced to pay Class Counsel’s attorneys’ fees or expenses.
Jessica Thompson
Attorney
ney