So you bought a GM vehicle from the “Old GM” before their bankruptcy in '09. Now you’re SOL (according to “New GM”) if their is a problem with it:
General Motors Co. says a class-action suit complaining that GM fixed rear-end problems on police versions of 2007-08 Impalas, but not those owned by some 400,000 other drivers, should be thrown out.
“New GM did not assume liability for old GM’s design choices, conduct or alleged breaches of liability under the warranty, and its terms expressly preclude money damages,” the response says.
The suit “is trying to saddle new GM with the alleged liability and conduct of old GM.”
It’s the latest challenge by owners to automakers that limit the scope of recalls or service campaigns. It’s also sparked dozens of angry complaints from owners.
During the bankruptcy hearings two entities were created - the New GM and Motors Liquidation Corporation. MLC is the old GM and was given all of its bad assets and liabilities. It is eventually going to be dissolved. MLC is the one that’s actually liable, however you can’t get blood out of stone - its stock is currently trading at like a quarter a share I think.
I’m a GM fan and I drive a GM, but even I’ll admit a lot of what they did in those bankruptcy hearings what sketchy. I think it was necessary and good for the overall economy because of the tons of jobs it saved in the auto industry. Not just GM jobs but jobs at suppliers’ plants, etc. It stopped a ripple effect from happening. And I am so not in the mood to debate this either, so if you disagree, that’s fine, but don’t expect a reply from me. Not in the mood today I guess.
Meh. They’re still honoring warrantees. They’re just not worried about redesigning pre-apocalypse problems. It’s almost like they went through Chapter 11 to get a fresh start or something.
Obviously the bankruptcy limits their liability. It’s just funny when you say “New GM did not assume liability for old GM’s design choices” when I’m sure some of those same designers are still around, lol.
