GM Agrees to Take Some Responsibility for Pre-Bankruptcy Cars

[Soup]

GM Agrees to Take Some Responsibility for Pre-Bankruptcy Cars

Jun 29th, 2009 by Ross Edwards

Eager to speed up its bankruptcy proceedings, GM has agreed to take responsibility for any future injuries or deaths that result from faulty cars and trucks it sold before bankruptcy, according to the Associated Press. GM had originally planned to follow Chrysler’s lead and include any potential liability for defective vehicles sold before its bankruptcy in the list of bad assets that will be left behind after the bankruptcy.

Consumer groups and state officials had threatened to block the sale of GM’s assets to a new company owned primarily by the U.S. government if the new company wasn’t liable for GM’s existing vehicles.

As part of Chrysler’s bankruptcy agreement, anyone injured by a Chrysler product sold before the bankruptcy will have to sue the ‘old’ Chrysler, which is made up of all the bad assets that the company needed to get rid of in order to be viable. Any customer injured by a Chrysler product sold before the bankruptcy will have to sue ‘old Chrysler’ and will join the list of unsecured debtors who have little chance of being paid what they’re owed.

GM did not agree to take responsibility for any pending lawsuits against the company after the bankruptcy, which will mean anyone currently suing GM over a faulty product will be in the same situation as those injured by pre-bankruptcy Chrysler vehicles.



If only this guy had built all of GM’s vehicles. Then this wouldn’t even be an issue.

GM Agrees to Take Some Responsibility for Pre-Bankruptcy Cars | PriceWheels Blog

This is definitely better than Chrysler did. But still, why the hell leave all those people already injured by your faulty products out in the cold?

[Jonnychadootz]

Geee thanks So they were just given an assload of $$$ so that they could continue to be the f*ck ups that they are and on top of it when their shit blows up now the taxpayers can pay for it? Just f*ckin WOW...People r suckers

[JGT8229]

i would like to know what some of theese recalls are that are injurying and even killing people? anyone have any info

[UKunt]

lol GM are making cars that are killing people ? nice move. that will stop them buying a ford when they find out there GM is shit..:O

[JGT8229]

Originally Posted by UKunt

lol GM are making cars that are killing people ? nice move. that will stop them buying a ford when they find out there GM is shit..:O

GM has agreed to take responsibility for any future injuries or deaths that result from faulty cars
government got ownedd son

[UKunt]

''GM reinvention
people ask how we will make this change.with your help.''YES we can'' make a new brand/style /class of cars..making the market a better place for GM buyers..GM will be the first and last car you ever own..thats how proud we are to annouce our new range..

buy now and get a free Icoffin.take it with you.as you never know when you will need it..


















GM the first and last car you ever bought.''