Bankruptcy? What happens to my car warranty then?

56 messages, Last post on Jun 04, 2009 at 10:00 PM

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What is this discussion about? Pontiac, Chrysler, Saturn, Saab, GMC, HUMMER, Jeep, Volvo, Land Rover, Car Warranties, Automotive News, Legislation

What if My Carmaker, Dealer or Warranty Company Goes Under? - We're facing the most tumultuous period of modern automotive history. With daily reports on the possible sale or elimination of major car brands, the potential bankruptcy of automakers General Motors and Chrysler, and the closure or consolidation of hundreds of dealerships, consumers are asking a lot of "what ifs." (more) -

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#7 of 56 Re: other CarSpace links [steve_] by fezo Mar 09, 2009 (2:19 pm)
Replying to: steve_ (Mar 09, 2009 2:14 pm) Good plan. Ask the next one for a quote on the Daewoo that somehow escaped their notice... That could answer your question about them! There's someone around her that has a Daewoo still. I see it maybe once every two weeks.
#8 of 56 When the manufacturer goes bankrupt by euphonium Mar 09, 2009 (6:32 pm)
the stockholders lose. So, why should the warranty continue and be valid?
#9 of 56 Re: Bankruptcy? What happens to my car warranty then? [steve_] by nortsr1 Mar 10, 2009 (6:02 am)
Replying to: steve_ (Mar 09, 2009 10:49 am) There is a full explanation of the above question in this months (April 09) edition of Consumers Reort. (page 5). If they go Chapter 11 , they will still be open for business (sales and service). It is very informative and I suggest you read same (if you get the consumer's reportr mag). Replies to this message: euphonium (Mar 10, 2009 8:53 am) steve_ (Mar 10, 2009 10:44 am)
#10 of 56 Re: Bankruptcy? What happens to my car warranty then? [nortsr1] by euphonium Mar 10, 2009 (8:53 am)
Replying to: nortsr1 (Mar 10, 2009 6:02 am) CR may have improved, but I gave up on them when they advised "buy the Nash Rambler".
#11 of 56 Re: Bankruptcy? What happens to my car warranty then? [nortsr1] by steve_ HOST Mar 10, 2009 (10:44 am)
Replying to: nortsr1 (Mar 10, 2009 6:02 am) At some point a company has to come out of Ch. 11 or convert to a liquidating Ch. 7. And it's possible, although not likely, that an approved plan of reorganization could change the warranty obligations. For example, as part of their Ch. 11 plan, Chrysler could convert the lifetime drivetrain warranties to a 3/36 warranty. With court approval of course. I can read CR online free through my library and will have to go take a look. Thanks for the heads up. (CR sold me down the river on a Gruman canoe instead of the much better ABS material back in '74 and I've never forgiven them either ).
#12 of 56 saleen by explorerx4 Mar 10, 2009 (1:55 pm)
the current owner has decided to not honor the warranties on any sold or unsold saleen vehicles. discussion Replies to this message: saablcp (Mar 11, 2009 11:46 am) gagrice (Mar 11, 2009 3:53 pm)
#14 of 56 Re: saleen [explorerx4] by saablcp Mar 11, 2009 (11:46 am)
Replying to: explorerx4 (Mar 10, 2009 1:55 pm) I certainly would not equate the actions of a company the size of Saleen Motors with any future actions a company the size of a General Motors may take.Thats like comparing the corner video rental store with Blockbuster.
#15 of 56 Re: saleen [explorerx4] by gagrice Mar 11, 2009 (3:53 pm)
Replying to: explorerx4 (Mar 10, 2009 1:55 pm) How long before Tesla goes the way of Saleen? One of my 6000 Lithium cells is dead what do I do? It’s nowhere near as beleaguered as car companies in Detroit, but the ambitious privately-held electric roadster company, Tesla, has put plans for a San Jose-based factory on hold. The company, which has asked for a $400 million low-interest government loan, hasn’t been able to raise a necessary $100 million in venture capital to go through with the plans. Part of the issue could be politics: Silicon Valley wants its sexy automaker to stay local, but the government would require Tesla to take over a defunct factory elsewhere.
#16 of 56 Be careful! by andys120 Mar 12, 2009 (9:47 am)
You have to be a cross between a Philadelphia lawyer and a certified auto tech to be sure you have complete coverage on a third-party warranty. I was denied coverage for a failed VANOS control module ($1200 p&L) because it was not specified in the items covered under my "Platinum" warranty coverage. Replies to this message: explorerx4 (Mar 12, 2009 5:27 pm)