how much money is in the equinox settlement

Full Answer

Is there a settlement for the Chevy Equinox oil consumption lawsuit?

Here Are the Details. [UPDATE] A settlement has been reached to end proposed class action lawsuits filed over excessive engine oil consumption in certain Chevy Equinox and GMC Terrain SUVs.

How much is the GMC equinox deal worth?

The deal between consumers and General Motors, which was submitted for preliminary approval on April 26, is valued at between $40 million to $45 million and covers 2010-2013 Chevy Equinox and GMC Terrain vehicles equipped with 2.4-liter Ecotec engines —referred to hereafter as “class vehicles.” General Motors denies any allegations of wrongdoing.

Who is covered by the Chevy Ecotec settlement?

First and most importantly: Anyone who, before April 26, 2019, bought or leased a 2010, 2011, 2012 or 2013 Chevrolet Equinox or GMC Terrain vehicle that was equipped with a 2.4-liter Ecotec engine and manufactured prior to the “production change” (i.e., the date when new vehicles were considered 2014 models) is covered by the settlement.

What is the $5 million payment card breach settlement?

That agreement provides $5.5 million to "all financial institutions in the United States" that issued a Visa, MasterCard, Discover, or American Express card that was identified in the breach, except for banks that explicitly request to be excluded from the class.

Is there a recall for that 2012 Equinox for oil consumption?

This letter is intended to make you aware that some 2012 model year Chevrolet Equinox or GMC Terrain vehicles, equipped with a 2.4L engine, may exhibit excessive engine oil consumption (less than 2,000 miles [3,200 km] per quart [0.946 L] of engine oil), due to piston ring wear.

What year Equinox has oil problems?

2010 Chevy Equinox Problems In 2010, it came to light once again that Equinox models were experiencing huge problems with the engine. This is where the oil consumption problem took center stage. Predominantly in the four-cylinder engine, the piston rings would not seal against the cylinder walls properly.

Why is my Equinox burning oil?

That lawsuit alleges the engine's piston rings fail to maintain sufficient tension to keep oil in the crankcase, allowing the oil to sneak past the rings and into the combustion chamber. The oil burn issue can also apparently foul the spark plugs and lead to carbon buildup on the pistons and cylinder walls.

Do GMC terrains burn lot of oil?

These Chevy Equinox and GMC Terrain models are the worst And any model year of either, between 2010 and 2013, will likely experience oil consumption problems. Some of those 2.4-liter four-cylinder engines used within those years had a knack for burning oil prematurely.

How much does it cost to replace a timing chain on a Chevy Equinox?

The average cost for a Chevrolet Equinox timing chain and gear set replacement is between $973 and $1,120. Labor costs are estimated between $563 and $710 while parts are priced at $409. This range does not include taxes and fees, and does not factor in your specific model year or unique location.

How long does a Chevy Equinox engine last?

The Chevy Equinox actually, may last longer than many of its competitors. So how long will a Chevy Equinox last? With regular maintenance and typical driving habits, you can expect to get around 150,000 to 200,000 miles out of your car. The average for newer models is a bit lower, in the 100,000 to 150,000 range.

How often should you change the oil in a Chevy Equinox?

every 3,000-5,000 milesChevy recommends getting your Chevy Equinox oil & filter changed every 3,000-5,000 miles for conventional oil. Synthetic oil frequently should be changed every 7,500 - 10,000 miles. Own in mind it's best to check your owner's manual and with your dealer to learn the intervals that work best for your vehicle.

Does the Chevy Equinox still have oil problems?

2011-2013 Chevrolet Equinox models are starting to show their age, with many drivers reporting excessive oil use and loss of engine power. From 2018 to 2020, the Equinox saw a lot of issues with poor welding and generally bad build quality, leading to a whole string of recalls.

Why does Equinox use so much oil?

"Some 2011 model year Chevrolet Equinox and GMC Terrain vehicles, equipped with a 2.4L engine, may exhibit excessive engine oil consumption (less than 2,000 miles per quart of engine oil), due to piston ring wear."

Are equinoxes good cars?

The Chevrolet Equinox Reliability Rating is 3.5 out of 5.0, which ranks it 23rd out of 26 for compact SUVs. The average annual repair cost is $537 which means it has lower than average ownership costs.

Which is larger Chevy Equinox or Traverse?

While the Traverse is larger than the Equinox and offers more cargo space behind the front row, the Equinox provides nearly the same amount of headroom and legroom for both your front and rear passengers to relax and stretch their legs.

Are GMC Terrain and Chevy Equinox the same?

Is Chevy Equinox Same as GMC Terrain? Technically, the Terrain is the Equinox twin with the same interior and driving stuffing, but with a completely different appearance. Terrain received from Equinox not only the GM Theta platform but also a similar line of engines and automatic transmissions.

Does 2018 Chevy Equinox burn oil?

Chevrolet Equinox SUVs burn through motor oil at an alarming rate causing engine damage and other serious issues, according to a class action lawsuit filed by two vehicle owners.

Why does my 2012 Equinox use so much oil?

When the problems continued, the owner contacted GM directly and was allegedly advised that “some 2012 model year Chevrolet Equinox vehicles equipped with a 2.4 L engine may exhibit excessive engine oil consumption (less than 2000 miles per quart of oil), due to piston ring wear.

What are the most common problems on a 2012 Chevy Equinox?

What Problems Does the 2012 Chevrolet Equinox Have?Engine problems are very common and some issues include excessive oil consumption, stalling, and complete engine failures. ... Transmission problems, including irregular shifting, are additional issues. ... Windshield wiper motor failures are another frequent problem.

Why does my 2011 Chevy Equinox burn oil?

The problem: Affected vehicles may exhibit excessive engine oil consumption (less than 2,000 miles per quart). This may be due to excessive piston ring wear. Vehicles affected by this service bulletin: 2011 Chevrolet Equinox.

What about the lawsuits filed in California and Illinois?

What happens with the lawsuits filed in California and Illinois depend on the outcome of the Florida case. For now, the cases in California and Illinois have been stayed—read those documents here and here —which means they’ll be on ice until any new developments spring up with the settlement talks in the Florida suit.

When did the Chevy Equinox oil issue start?

The legal drama that was the Chevy Equinox oil consumption issue began in April 2018, when four consumers filed a proposed class action lawsuit against General Motors LLC in Illinois. September saw the filing of two more proposed class actions, in Florida and then California, over similar claims that the vehicles consume oil at alarming rates.

What year did the GMC Terrain SUVs get sued?

The three initial lawsuits against General Motors alleged model year 2010-2017 Chevy Equinox and GMC Terrain SUVs with EcoTech 2.4-liter engines burned through abnormally high amounts of oil. The alleged defect posed a serious safety risk, the cases claimed, because without enough oil to cut down on friction and wear inside the vehicles’ engines, the engines could fail at any time during the course of normal operation while driving at any speed.

How long did the Florida class action stay?

The court then gave the parties 60 days to work it out.

What is a nationwide class lawsuit?

The lawsuits seek to establish a nationwide class – this means the attorneys on the case are looking to have any potential settlement apply to all 50 states. However, as a settlement has not been finalized and discussions are ongoing, we do not know for sure which people will be included.

What do I need to do to be included in the lawsuit? Is there anything I should be doing right now?

There’s nothing you need to do to be included. Should a settlement get approved, you will likely be notified by mail or e-mail. You can read more about how they get your information here.

When will the settlement be given final approval?

We’re not sure yet, but we’ll keep you posted. The proposed settlement will first need preliminary approval from the judge before moving to the final approval stage.

What vehicles are covered by the GM settlement?

Anyone who, before April 26, 2019, bought or leased a 2010, 2011, 2012 or 2013 Chevrolet Equinox or GMC Terrain vehicle that was equipped with a 2.4-liter Ecotec engine and manufactured prior to the “production change” (i.e., the date when new vehicles were considered 2014 models) is covered by the settlement. Excluded from the settlement are those who experienced engine failure or executed a “release of claims” in favor of GM for oil consumption problems.

What are GM reimbursements?

To be eligible for reimbursement from GM, class members had to have paid out of pocket for piston assembly repairs within the timeframes and mileage limits specified above. Reimbursable expenses include costs for repairs as well as reasonable rental car charges so long as documentation— such as receipts—is provided.

Can you claim out of pocket expenses on an Equinox?

If you’ve kept your receipts—a practice ClassAction.org strongly recommends—from back when you owned or leased an Equinox or Terrain, you may still be able to make a claim for out-of-pocket expenses.

Does GM pay for SCAs?

General Motors has agreed to establish a “Special Coverage Adjustments” (SCAs) program through which it will pay for all or part of the cost of specified covered repairs to the affected vehicles —even for Equinox and Terrain models that are past their GM-issued warranty dates. This concession excludes vehicles owned or leased by those who have been previously reimbursed by GM via a goodwill adjustment or third-party service contract provider.

Is there a settlement website or phone number?

Not yet. But sometime before class notices are mailed out, Analytics Consulting will establish a toll-free number class members can call for information about the settlement and/or claims procedure, or to request a mailed copy of the class notice, according to the motion. Inquiries for attorneys who negotiated the settlement will also be handled by Analytics Consulting.

How much did Equifax spend on data security?

Equifax also promises to spend $25 million on strengthening its data security and will pay the administrative and legal costs for the banks involved in the settlement. Granted, most individuals will see very little money from the settlement, if any.

Will Equifax pay you $125?

You’re probably not going to get your $125 from the Equifax settlement. Equifax is indeed paying out right now—but not to you. Instead, the company has finally agreed to pay the banks ( PDF) for the inconvenience of having to cancel and reissue millions of credit and debit cards, The Register points out.

How much did Equifax pay for data breach?

Last week, Equifax agreed to a $575 million—up to $700 million—settlement over its major 2017 data breach. It entitles affected consumers to free credit-monitoring offerings or an $125 payout, plus the potential for more cash back if you can document losses as a result of the incident. That's not a ton of money compared to the value of your personal data, but there's a more pressing problem: Are you actually going to get it at all?

Is there a way to negotiate settlements with Equifax?

The larger issue, says Marc Rotenberg, president and executive director of the Electronic Privacy Information Center, is that without strong policies from Congress—like free credit monitoring and credit reports for everyone, stringent federal data breach laws, and even a dedicated federal privacy agency—there is no perfect way to negotiate adequate settlements or other consumer redress in the case of incidents like the Equifax breach.

Will Equifax pay you $125?

But not all is lost, and there's still a decent chance that Equifax will pay you all $125. As Slate points out, the $31 million cap will lift, assuming Equifax hasn't spent all of the $425 million in its "Consumer Fund"—money it has committed to things like covering people who can specifically document losses stemming from the breach—in four and a half years. At that point, whatever's left of that $425 million will be applied to the $125 payouts, presenting much better, if belated, odds.

Will you get your Equifax money?

You'll Get Your Equifax Money. It Just Might Take a While | WIRED

Did the FTC fine Equifax?

There's also the frustrating reality that the FTC itself did not actually fine Equifax as part of the arrangement, because the agency currently lacks the legal authority to fine first-time data offenders. Last week, the agency asked Congress to pass new legislation that would grant this power. But Rotenberg notes that without a comprehensive data breach response plan within the federal government, a settlement like Equifax's may not have been much more effective even with an FTC fine.

What happened to the Social Security numbers in 2017?

In 2017, the personal information of over 145 million Americans was exposed by one of the largest data breaches in recent times. The breach occurred at Equifax, one of the three credit reporting bureaus entrusted with some of the most sensitive personal data, including Social Security Numbers. If you are one of the individuals impacted by the breach (hint: you probably were), you can now file a claim as part of a settlement that Equifax is finalizing to resolve claims.

How much can you get for a breach of contract?

If you suffered losses as a result of the breach and can provide documentation of your out-of-pocket costs, you may be eligible for cash payments up to $20,000.

How Did We Get Here?

See more on classaction.org

and Where Are We at Now?

What About The Lawsuits Filed in California and Illinois?

What Did The Original Lawsuits allege?

So, What’s Next?

I Don’T Live in Florida, California Or Illinois. What Does All This Mean For Me?