GM says bankruptcy excuses it from Impala repairs

http://www.reuters.com/article/2011/08/19/us-gm-impala-lawsuit-idUSTRE77I61F20110819?feedType=RSS&feedName=innovationNews&rpc=43

Nothing like keeping your customers satisfied.

to a select committee of workers. That way the bailout money would have gone to the people that do the work rather than to the people who buy the politicians.

:shrug:

Counting down. My 10 year old Nissan is still running.

but my Nissan is 17.

And even if I had bought a new one in '07, they wouldn't have a bankruptcy (and public bailout) to hide behind.

This is really shitty on the part of GM management - although that's certainly nothing new.

:shrug:

My 15 year old Plymouth is even less impressed.
Meanwhile, enjoy your hate Americamobile.
Here's your recall list and btw, check your ball joints before they shear off and be sure the control arm mountings stay welded.
http://www.autorecalls.us/aut-01/recalls/nissan/index.html

honda element in the interest of full disclosure.

front headlights?

Not sure what you are talking about.

:shrug:

and something to do with power trains.

I wonder where all the "foreign cars are perfect and run on water vapor" people go every time there's a negative story about those vehicles?

I love my Nissan. Never have any kind of problems with it. :hi:

in the name of supporting American workers.

Seriously, I WILL NOT BE LOOKING AT GM when the time comes to get another car.

Wasn't the government bailout supposed to make sure GM would run smoothly?

No doubt we're going to hear cries of "No one could have predicted this" from the usual suspects.

I don't think the car-buying public would have supported it in that case.

Come to think of it, who cares what the general public supports...

Never mind.

is the fact that its customers bought something from GM.

They already told me everything I need to know about them, now and forever, with my 1982 Pontiac Phoenix.

wouldn't have to declare bankruptcy!

I think GM was going to use the bankruptcy to get out of their employee pension agreement and to also to get out of any lawsuit settlement payments.

The government bailout was conditional upon GM going through a pre-packaged, pre-agreed bankruptcy. The company was split into two companies, one called Motors Liquidation, which took all the rubbish and dead-end assets and debts, and one called New Motors, which took all the assets for business continuance as the new GM. Existing shareholders were wiped out, supposedly collateralized bond holders lost a lot of money, and laws were bent to allocate the assets of the new company as the government saw fit.

GM stock is at $21 today, which is 30% less than its IPO price last year. The investment doesn't look so good.

Warranties, by the way, were supposed to be transparently assigned to New Motors, according to the bankruptcy judge. GM is now using lawyer trickery to dishonor these Impala warranties.

Here's a good article from CNNMoney.

http://money.cnn.com/2009/06/01/news/companies/gm_bankruptcy/

;)

So glad I don't drive an American POS that the company won't even stand behind.

It is also why the State of Tennessee couldn't sue GM over the Saturn subsidies collected in bad faith.

I'd like a DU GM supporter to explain why I should buy a GM car. They obviously don't care about customer satisfaction.

Are so delusional that you think any car company cares about people? If this was story about Toyota, I'm sure you and most of the foreign company loyalists would suddenly disappear.

It's a story specifically about a domestic car company that's using legal trickery to get out of honoring warranties after a massive bail out from the public.

numerous stories over the years about foreign companies, which also receive government money (except we call them "tax incentives" rather than "bailouts"), showing the same lack of caring toward consumers. Those threads interestingly die with a hand full of posts. Some people refuse to acknowledge that ALL corporations do the same things. The foreign auto company loyalists continue to make posts (like the one I was responding to) acting as if "GM = evil" while "Toyota = considerate citizen who only does what's in the best interest of humanity."

Over the last year or two..

So far it looks like all the supposed cases have turned out to be bogus, just like with Audi back in the 80's.

Toyota practically was called the great satan here on DU.

You just proved my point. The foreign company loyalists still to this day believe Toyota is some poor victim and never had a quality problem (despite Toyota admitting to quality problems).

That caused the "Runaway Toyotas".

I grew up hot rodding Chevys back when no one had heard of emissions, I could put a Small Block together blindfolded if I had a click release torque wrench.

But these days in terms of reliability and being what I need a vehicle to be I'd buy a Toyota before a Chevy, particularly in the well used ~200,000+ mileage bracket I'm likely to be shopping. In fact a Toyota Previa is on my short list for my next van, four cylinder for optimum gas mileage, very aerodynamic for what it is, rear wheel drive, large interior volume and carrying capacity for weight, reasonable price on the used market because they are unstylish and typical anvil-like Toyota reliability.

this type of blind loyalty to a corporation. So loyal that you'll blame the actual victims and "operator error" rather than placing the blame where it belong (on Toyota). Sad.

I've owned *one* Toyota in my life, a 78 pickup with a 2.2 and a four speed and no AC.

We went through this whole unintended acceleration thing in the 80's with Audi, after everything up to and including a 60 Minutes investigation it was shown to be operator error then too.

I read a number of the accounts of runaway Toyotas, as a person who has been obsessed with interested in the technical aspects of cars and motorcycles to the the point of being a racer for a while, the accounts did not hang together in a coherent manner.

They only care about the money.

I have no love for any of them.

wifes car technically.Love it.

:rofl:

Before the bankruptcy the US Government stated in writing it was backing the new car warranties because consumers were afraid to buy. So are WE on the hook for this now? I wonder if his lawyer knows?

It was a potentially massive liability that they made the guarantee without putting aside any funding for it. I was thinking that IF GM made it through everything, they would at least honor their old warranties rather than trying to stick the government with them, especially given all the taxpayer and government assistance they received.