Porsche IMS Class Action Settlement
Looks like owners who have had IMS failures will be able to recoup at least a little bit of their losses on 2001-2005 Porsche 996 and Boxster engines. Original owners will benefit the best as will owners who purchased through CPO. While it is a reimbursement rate based off mileage, at least owners will get something back. Non-cpo or non original owners will only receive a 25% reimbursement for out of pocket expenses, but at least that is better than a kick in the nuts. All claims must be submitted by October 15, 2013 to be covered under this settlement. For more information, visit the website listed above.