A Federal Judge in California is set to grant approval on a class action lawsuit settlement between BMW of North America and some 1,200 MINI owners who had to have their R50 CVT transmissions replaced out of warranty. Here’s the proposed settlement breakdown:

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 (these specific) MINI Coopers up to 150,000 miles and eight years.

As a settlement, if accepted, the class action suits themselves (there are several) would not actually go to trial. Instead, BMW will essentially create a warranty program to take care of these customers who had out-of-pocket costs due to transmission failure. At this point, the hold up is the Judge’s desire to get a total number of plaintiffs from all the various suits in play.

More info available here.

What’s your thought? Is this fair and is MINI doing the right thing?