Sunday, August 21, 2011

GM defaults on it's customers

Morning in America. This report speaks for itself. As does the look back attached to the end. I am interested to see how messer Obama intends to address this most recent wrinkle in reality as it concerns his promises. Perhaps in between golf rounds on the Vineyard this week, he will craft a witty and audacious response to these latest reports concerning GM.  I for one can't wait to hear the great one on this and all the other economic misery that this nation has descended into under his tutelage.
General Motors Co. is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy.

The lawsuit, filed on June 29 by Donna Trusky of Blakely, Penn., contended that her Impala suffered from faulty rear spindle rods, causing her rear tires to wear out after just 6,000 miles. Seeking class-action status and alleging breach of warranty, the lawsuit demands that GM fix the rods, saying that it had done so on Impala police vehicles.

But in a recent filing with the U.S. District Court in Detroit, GM noted that the cars were made by its predecessor General Motors Corp, now called Motors Liquidation Co or "Old GM," before its 2009 bankruptcy and federal bailout.

The current company, called "New GM," said it did not assume responsibility under the reorganization to fix the Impala problem, but only to make repairs "subject to conditions and limitations" in express written warranties. In essence, the automaker said, Trusky sued the wrong entity.  
Now, let's take the way back machine to March of 2008

Obama's promise to America In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday.

"Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."

1 comment:

XtnYoda said...

And SS disability is on the verge of doing the same.

Ah...this our brave new world.