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BMW Settles U.S. Water Damage Lawsuit
BMW AG hopes to settle a class-action lawsuit in the U.S. by agreeing to pay as much as $478 million to owners of 318,000 owners of its 2004-2010 model 5 Series luxury cars.
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BMW AG hopes to settle a class-action lawsuit in the U.S. by agreeing to pay as much as $478 million to owners of 318,000 owners of its 2004-2010 model 5 Series luxury cars.
The company, which denies any wrongdoing, will reimburse owners as much as $1,500 each for water damage to electronic components located in the trunk of their cars, Reuters reports. Plaintiffs blame the problem on clogged sunroof drainage tubes or some other source of water leakage.
Owners of any 5 Series model that is less than 10 years old and has fewer than 120,000 miles also may have their cars inspected and repaired if needed.
The lawsuit—which cited owner complaints, warranty claims and service bulletins—claimed BMW knew of the problem 13 years ago. The settlement awaits approval by a U.S. District Court in New York City.
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