Originally Posted By: Kruse
Originally Posted By: Johnny
Did you not hear the news last night, our government will honor all warranties.
Which brings me to ask one question.....
(Sorry to get off topic)
Ford has not taken any welfare money, at least not yet. Who will pay for their warranty work? If the Obama team doesn't pay for Ford's warranty work, isn't that a little unfair to Ford?
And with some of the "lifetime warranty" guarantees that Chrysler put out, it makes me wonder all along if they knew what was coming.
The government will guarantee all warranty work is performed if GM goes out of business (chapter 7), but GM still has to pay it back after a bankruptcy with reorganization (chapter 11).
This is the best solution, to let GM relieve itself of liabilities and start fresh, but guarantee warranty work to customers who would otherwise be considered like any other creditor that would be screwed in a bankruptcy.