rudder
Lifer
- Nov 9, 2000
- 19,441
- 86
- 91
So we should let them go down so we could loose millions of jobs...BRILLIANT!
Yeh because if GM went down... suddenly the demand for automobiles would stop.
So we should let them go down so we could loose millions of jobs...BRILLIANT!
Yeh because if GM went down... suddenly the demand for automobiles would stop.
That's Corporations for you.
This is why I'm not buying American for at least another 5 years. Chevy Cruze is very tempting but only long term reliability ratings would make me consider these cars again.
That's Corporations for you.
Um, no. That's bankruptcy law for you.
A warranty is an unsecured claim on a debtor (GM). Most claims are discharged (cancelled) when a debtor emerges from bankruptcy protection.
Go back up and read the article. New GM assumed liability for all express warranties of old GM as part of its Chapter 11 plan. The lawsuit the article is about is a class action about alleged defects which the class action plaintiffs claim should be covered by some unwritten warranty of Old GM, and said unwritten warranties somehow also become liabilities of New GM.
The issue is not the quality of GM cars or even of the bankruptcy per se, but the vast extent to which sloppy readers here so readily assume the plaintiffs claims have any legal merit whatsoever.
Hopefully the owners of those cars will buy German, Japanese or Korean cars next time.
Perhaps the most striking feature of Righties is how quickly they turn on their own over any sign of weakness, like sharks in a feeding frenzy or chickens in a pecking party.
30 years ago, they regarded GM as a paragon of strength & virtue. When GM execs exploited that, looted the company to line their pockets, now GM is a buncha bums, losers of the worst sort...
Blaming the victims seems to be one of their standard themes...
YOUR NEW GM VEHICLE WARRANTY IS MEANINGLESS
United States District Court Judge Charlene Edwards Honeywell, at Fort Myers Florida, issued an ORDER in Kidwell v. G. Richard Wagoner, et al., Case 2:09-CV-108-FtM-36-DNF overturning the GM Bankruptcy Court ORDER that made the new General Motors Company, LLC liable for new Vehicle Warranties.
Judge Honeywell stated that pursuant to the General Motors Bankruptcy GM Consumers were barred from enforcing their new GM Vehicle Warranties, and could not prosecute State Lemon Law Actions, Magnuson-Moss Warranty Act Claims, or any other kind of new Vehicle Warranty Claim against the new General Motors, LLC.
What this means is that if you have a GM Vehicle that was under warranty at the time of the Bankruptcy, or you have purchased a new GM Vehicle RECENTLY since the Bankruptcy, your GM New Vehicle Warranty isn't worth squat! You've been ripped off!
YOUR NEW GM VEHICLE WARRANTY IS MEANINGLESS
United States District Court Judge Charlene Edwards Honeywell, at Fort Myers Florida, issued an ORDER in Kidwell v. G. Richard Wagoner, et al., Case 2:09-CV-108-FtM-36-DNF overturning the GM Bankruptcy Court ORDER that made the new General Motors Company, LLC liable for new Vehicle Warranties.
Judge Honeywell stated that pursuant to the General Motors Bankruptcy GM Consumers were barred from enforcing their new GM Vehicle Warranties, and could not prosecute State Lemon Law Actions, Magnuson-Moss Warranty Act Claims, or any other kind of new Vehicle Warranty Claim against the new General Motors, LLC.
What this means is that if you have a GM Vehicle that was under warranty at the time of the Bankruptcy, or you have purchased a new GM Vehicle RECENTLY since the Bankruptcy, your GM New Vehicle Warranty isn't worth squat! You've been ripped off!
Perhaps the most striking feature of Righties is how quickly they turn on their own over any sign of weakness, like sharks in a feeding frenzy or chickens in a pecking party.
30 years ago, they regarded GM as a paragon of strength & virtue. When GM execs exploited that, looted the company to line their pockets, now GM is a buncha bums, losers of the worst sort...
Blaming the victims seems to be one of their standard themes...
Break up GM, we don't need no stinking corporations. We can just walk to work, distances between cities and stuff would eventually adjust to accommodate.
Well, that would mean Chrysler wen't down too, so at best 2/3's of the former domestic auto sales would go to foreign brands, and profits to foreign companies.
This isn't really complicated. Trying to keep jobs at home isn't a bad thing....unless you're some partisan loon, of course. Then it's all Obama's fault....even if Bush started the auto bailout.
Well at what point do we say that keeping these jobs here costs too much? There will be another GM bailout.. those previous union contracts were are just too expensive and they are an albatross that will be hanging around GM's and Chryslers neck for at least the next decade.
Should the U.S. taxpayer continually reward mismanagement?
So it was only the Unions fault for their original demise and not piss poor management?
Take a look at your written warranty-for any car sold in the US, regardless of make or country of origin. ALL of those written warranties expressly exclude ALL implied warranties. I do agree that it is crazy to except GM to sell cars without express warranties.
pcgeek11, perhaps you could provide a link to the article you cited-or better still, to the court decision. That flys in the face of every other article I have seen on this subject and I wonder how a district court judge would even find the authority to overrule part of a confirmed Chapter 11 plan-much less who would push for such a ruling (certainly not consumers, would do old creditors no good & New GM would be cutting their own throat by doing so & taking a 180 degree different position than they took in the Chapter 11 plan they proposed).
