General Motors announced on Friday that it will settle a class-action lawsuit involving about 90,000 Saturn vehicles. The law suit was filed over General Motors' failed VTi continuously variable transmission, which was found to fail prematurely.

The VTi transmission was used in some 2002-2005 Saturn Vues and 2003-2004 Ions and was found to routinely fail before 125,000 miles. The cost to replace the VTi transmission is about $4,000 to $5,000.

Owners of the aforementioned vehicles will be given a percentage of their expenses, based on vehicle mileage when the transmission failed and whether the car was purchased new or used. The lawsuit will only apply to vehicles that experience failure within eight years of its model year.

GM touted its VTi transmission as being 7 percent more efficient that other transmissions used in Saturn's lineup, but discontinued production of the VTi unit in 2005.