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Yes, the VW New Beetle power train warranty is still 10 year/100k. Also, for more information on reliability, you may want to check out Edmunds.com's long term road test: 1998 New Beetle It covers the ownership experience/maintenance of a 1998 New Beetle over a 2 year period (June 98 - April 2000). And for what it's worth, to quote a few words in the last article: "it was reliable and, for the most part, fun to drive."
Also, for more recent information, here's a direct link to our VW New Beetle problems discussion. Hope this is helpful.
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