Report: New Chrysler will be off the hook for any defective vehicles made before Ap
venomclan
Posts: 2,467
This should help sales, insurance costs and resale value...
http://www.leftlanenews.com/report-new-chrysler-will-be-off-the-hook-for-any-defective-vehicles-made-before-april-30.html
Report: New Chrysler will be off the hook for any defective vehicles made before April 30
05/22/2009, 8:56 AM
By Drew Johnson
Chryslers bankruptcy was supposed to be quick and surgical, but the automakers Chapter 11 filing is proving to be anything but to the current owners of Chrysler vehicles. The Michigan automaker has already bounced a number of lemon law settlement checks and now comes word that the company will wash its hands of any major vehicle defects through its bankruptcy filing.
When the new Chrysler emerges from bankruptcy it will still honor all normal warranty claims, but will be legally clear of any major defects, even if they are recall-related. You have the new Chrysler agreeing to be responsible for all the warranty claims and if a wheel falls off and its under warranty then theyll fix it, Liability lawyer Larry Coben told ABC News. But if the wheel falls off and the car rolls over and youre catastrophically injured, then they have no responsibility.
Under the current terms of the Chrysler bankruptcy, consumers injured by a defective Chrysler vehicle produced before the companys bankruptcy filing wont even be allowed, by law, to sue the automaker.
However, a number of consumer groups, such as Public Citizen, Center for Auto Safety, Consumer Action, Consumers for Auto Reliability and Safety, and the National Association of Consumer Advocates, are speaking out against Chryslers bankruptcy. A congressional hearing to discuss the matter has been set for this week, but the bankruptcy court is expected to push through Chryslers case as soon as next week.
In addition to those who have been injured by a Chrysler vehicle, those who own a Chrysler vehicle will likely be hurt by the courts ruling. With Chrysler now taking no responsibility for vehicles built before April 30th, Chryslers resale values are expected to plummet even further.
http://www.leftlanenews.com/report-new-chrysler-will-be-off-the-hook-for-any-defective-vehicles-made-before-april-30.html
Report: New Chrysler will be off the hook for any defective vehicles made before April 30
05/22/2009, 8:56 AM
By Drew Johnson
Chryslers bankruptcy was supposed to be quick and surgical, but the automakers Chapter 11 filing is proving to be anything but to the current owners of Chrysler vehicles. The Michigan automaker has already bounced a number of lemon law settlement checks and now comes word that the company will wash its hands of any major vehicle defects through its bankruptcy filing.
When the new Chrysler emerges from bankruptcy it will still honor all normal warranty claims, but will be legally clear of any major defects, even if they are recall-related. You have the new Chrysler agreeing to be responsible for all the warranty claims and if a wheel falls off and its under warranty then theyll fix it, Liability lawyer Larry Coben told ABC News. But if the wheel falls off and the car rolls over and youre catastrophically injured, then they have no responsibility.
Under the current terms of the Chrysler bankruptcy, consumers injured by a defective Chrysler vehicle produced before the companys bankruptcy filing wont even be allowed, by law, to sue the automaker.
However, a number of consumer groups, such as Public Citizen, Center for Auto Safety, Consumer Action, Consumers for Auto Reliability and Safety, and the National Association of Consumer Advocates, are speaking out against Chryslers bankruptcy. A congressional hearing to discuss the matter has been set for this week, but the bankruptcy court is expected to push through Chryslers case as soon as next week.
In addition to those who have been injured by a Chrysler vehicle, those who own a Chrysler vehicle will likely be hurt by the courts ruling. With Chrysler now taking no responsibility for vehicles built before April 30th, Chryslers resale values are expected to plummet even further.
Post edited by venomclan on
Comments
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Another good reason to continue buying Honda. This can happen to you know who else._________________________________________________
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It's so BEAUTIFUL when the gubment starts messing with this, ain't it?I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.
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I am not familiar with the "Left Lane News"... is their journalistic credibility well-documented?
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Even IF the story is bogus, it DOES sound like something the new MAJORITY shareholder would put out. And IF it is true, stand by....
I just may trade in my S-10 for a Honda. But I hate to go back in debt.I refuse to argue with idiots, because people can't tell the DIFFERENCE! -
Even if the story is credible, I am not worried concerning my current and soon to be owned Mopar products. The only time in recent years when there was a product defect so serious as to cause a real potential with life & limb loss was the 1999 Ford Bridgestone/Firestone debicle. The tires would suddenly delaminate with certain SUVs and cause crashes. This nearly put Bridgestone out of business.
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Even IF the story is bogus, it DOES sound like something the new MAJORITY shareholder would put out. And IF it is true, stand by....
I just may trade in my S-10 for a Honda. But I hate to go back in debt.
????????????????????????????????????? -
Chrysler already is getting enough of my money indirectly without my consent, and they are not going to pay back one red cent of the "loans", although you have to look to find that information because the media just refuses to put it out there. They'll reorganize and go on in some form.
I'll not ever willingly buy one of their products again, and yes I have owned and loved Mopar in the past. -
Too bad. Buying American used to be patriotic. I don't see buying from the Federal Government to be a patriotic act. I'll stick with Toyota thanks.____________________________________________________________
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Too bad. Buying American used to be patriotic. I don't see buying from the Federal Government to be a patriotic act. I'll stick with Toyota thanks.
Agreed on all three points, and it is too bad. It does not make me happy, but in my own little world, I'm too big to fail, even though our government doesn't seem to care about that. -
dudeinaroom wrote: »?????????????????????????????????????
I'll explain: Thanks to the Messiah, the UAW now has 55% of Chrysler, WITHOUT putting up any $$$$. The U.S. taxpayer owns 8%, after putting up $4,000,000,000!!! And the actual BOND holders were GIVEN 29 cents on the dollar.
Just a few FACTS that the mainstream media REFUSES to report.:mad:
And one more thing: The Chrysler dealerships that are losing their flags, are NOT being compensated.
For ANYTHING!!I refuse to argue with idiots, because people can't tell the DIFFERENCE! -
average_guy wrote: »Agreed on all three points, and it is too bad. It does not make me happy, but in my own little world, I'm too big to fail, even though our government doesn't seem to care about that.
...and no , I don't want the government to bail me out in any form.
All I would ask is that they keep their hands out of my pocket and nose out of my life and give me a chance to use the talent and opportunity that I have to better myself and the world around me, and to do all of that before and instead of destroying our system of free enterprise and capitalism. -
It's called filing for protection. Why would this be a surprize?
Filing means anything could be refused. That includes pensions,
bonuses, debts, etc. If they owe money, sorry, piggy bank's empty."The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
sucks2beme wrote: »It's called filing for protection. Why would this be a surprize?
Filing means anything could be refused. That includes pensions,
bonuses, debts, etc. If they owe money, sorry, piggy bank's empty.
That sounds good as long as the Feds don't decide to make up the difference with more of my tax dollars somehow....they wouldn't do THAT would they??? -
And one more thing: The Chrysler dealerships that are losing their flags, are NOT being compensated.
For ANYTHING!!
I heard reported that some dealerships that are quite profitable are being shut down while others that are underperfoming are left untouched. Seems that it may be more related to political affiliation that $$'s now that the Feds are running the business.____________________________________________________________
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Bottom Line, they should of let them all file. All that money went down a rat hole. They file, and then they HAVE to take action. End of story. Our money
wasn't going to help a lost cause."The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson -
Our elected officials had all of their union boss donors to try and keep happy. They couldn't just let them fail. I'd love to see a comparison of the number of small to medium businesses that have failed contrasted to the number of 'bailed out' businesses. I bet the number would speak volumes about how much the "chosen one" really cares about saving jobs.____________________________________________________________
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Our elected officials had all of their union boss donors to try and keep happy. They couldn't just let them fail. I'd love to see a comparison of the number of small to medium businesses that have failed contrasted to the number of 'bailed out' businesses. I bet the number would speak volumes about how much the "chosen one" really cares about saving jobs.
Part of the irony of this is that the small businesses are an integral part of making our economy move and grow. They are the ones that take the risks and meet the unmet needs. -
I heard reported that some dealerships that are quite profitable are being shut down while others that are underperfoming are left untouched. Seems that it may be more related to political affiliation that $$'s now that the Feds are running the business.
I've been looking at some of the dealers in my state that are on the LIST and think you may be correct. Not sure what that is about, unless they are looking to establish geographic uniformity in dealership presence ... which doesn't make sense to me. Hell, if a local area is selling a lot of my product, then my feeling would be to leave them alone. A dealer cannot buy, unless he/she pushes their existing inventory out of the door within given time frames to take more on. How they stay in business is their concern.
About other commentary about whether or not $ should be loaned or invested in them by Uncle Sam, my 2 cents is that it preserves jobs and has cost one helova less than the money doled out to the banks that has gotten us all into this mess to begin with. Chrysler and GM are not giving out million dollar bonuses to their senior folks after getting on the dole, like the banks are. -
Hillbilly61 wrote: »I've been looking at some of the dealers in my state that are on the LIST and think you may be correct. Not sure what that is about, unless they are looking to establish geographic uniformity in dealership presence ... which doesn't make sense to me. Hell, if a local area is selling a lot of my product, then my feeling would be to leave them alone. A dealer cannot buy, unless he/she pushes their existing inventory out of the door within given time frames to take more on. How they stay in business is their concern.
About other commentary about whether or not $ should be loaned or invested in them by Uncle Sam, my 2 cents is that it preserves jobs and has cost one helova less than the money doled out to the banks that has gotten us all into this mess to begin with. Chrysler and GM are not giving out million dollar bonuses to their senior folks after getting on the dole, like the banks are.
Chrysler and GM are also not paying back the "loans". Chrysler has already publicly stated that the loans will not be paid back, with GM to follow suit shortly. The press refuses to report this. In addition, jacking up our tax rates (yes, this will happen) to prop up a failing industry that makes a product that is inferior to its competition may be in tune with the Feds logic and they may be able to present it as "preserving jobs" with the help of a lapdog press and media but in fact higher taxes (that all of us will have to pay for this) have the effect of contracting an economy and net job loss.
The union support for politicians will continue, and that is what this is really all about. It is not about preserving jobs, its about rewarding failure, keeping the support of the union, and destabilizing the economy so we become more and more dependent on the government in our daily lives. http://sweetness-light.com/archive/the-many-tentacles-of-cloward-piven
