American automobile giant General Motors (GM) said on Friday, May 20 that it will be compensating 146,000 SUV owners who bought or leased its SUVs because the company overstated their mileage figures.
The compensation program will cover 135,000 owners in the United States and 11,000 in Canada. The affected owners or leasers boughtthe 2016 Chevrolet Traverse, GMC Acadia and Buick Enclave SUVs.
GM will offer debit cards worth $450 to $900 for U.S. owners of 2016 SUVs and 1,000-1,300 Canadian Dollars for Canadian owners. The maximum any owner will get is $1,500.
Owners who plan to use the vehicle for a longer period of time and high mileage owners will be given a choice between the debit cards and an extended warranty valid for another 48 months/ 96,560 kilometers (60,000 miles).
A source told Reuters that the whole compensation package will cost General Motors around $100 Million.