Old GM settles lawsuit with "Dex-Cool" owners   
   By Drew Johnson   
      
   The lawsuit stems from a 2008 settlement. GM agreed to pay up to 35   
   million vehicle owners as much as $800 for engine and cooling system   
   failures linked to its "Dex-Cool" system. Most of the claims were   
   settled prior to GM's 2009 bankruptcy, but some owners were left without   
   compensation.   
      
   However, those "Dex-Cool" owners left out by GM's bankruptcy will   
   finally receive their payments - pending final court approval. Old GM   
   has agreed to pay $2.2 million, listing the owners as one of its   
   debtors. The owners will receive their payment as stock in the new GM,   
   which will be sold for cash.   
      
   Prior to its 2009 bankruptcy, GM doled out $6.1 million to settle 40,000   
   of the 68,000 claims involving its "Dex-Cool" system. Additionally, GM   
   also covered the owners' $24 million in legal fees.   
      
   GM used the "Dex-Cool" system in several vehicles between 1995 and 2004,   
   including the Pontiac Aztek, Grand Am and Grand Prix.   
      
   http://www.leftlanenews.com/old-gm-s...ol-owners.html   
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