Under the terms of the proposed class action settlement, BMW will reimburse drivers under the eight-year/150,000 mile warranty for all of their out-of-pocket expenses associated with the transmission repair. The plaintiffs have estimated their repair costs to range from $6,000 to $9,000. The proposed class action settlement will also provide a maximum of $4,100 to Class Members who had their Mini Coopers repaired at a third-party facility and up to $2,000 to consumers who sold the vehicles at a loss due to the transmission defects. BMW has also agreed to cover all future repairs for Mini Coopers up to $150,000 miles and eight years.
LATE NOTE: The Federal Court has approved the settlement.