Some predictions about GM
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Joined: Dec 2008
Posts: 203
From: U.S.A.
Hopefully, no one will need warranty work or at least no warranty work that is in any way out of the ordinary.
Assuming Uncle Sam steps in and provides warranty coverage basic and routine things will be covered but I suspect anything that can be "questioned" will probably be turned down as I don't think a consumer will be able to call up a regional representative and get a decision to cover something under warranty that isn't already clear cut.
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Joined: Dec 1969
Posts: 1,911
From: Southern California (SoCal)
It looks like GM will do a quick sale to the government:
http://www.reuters.com/article/merge...43363120090519
http://www.reuters.com/article/merge...43363120090519
General Motors Corp's plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.
The source, who would not be named because he was not cleared to speak with the media, did not specify a purchase price. The new company is expected to honor the claims of secured lenders, possibly in full, according to the source.
The source, who would not be named because he was not cleared to speak with the media, did not specify a purchase price. The new company is expected to honor the claims of secured lenders, possibly in full, according to the source.
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Joined: Jul 2001
Posts: 3,132
From: Santa Clara, CA
If Charlie were naming it, it would be AM (Alpha Motors).
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Joined: Feb 2001
Posts: 43
From: Austin
-Bob
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Joined: Nov 2001
Posts: 254
From: OSHAWA
The CAW went along with Chrysler's deal. The UAW and CAW lept at the deal that Ford offered. But they are turning down GM's offers. GM's debtholders (who will wind up with less than Chrysler's) want a bigger share of GM. The UAW who now on paper own half of Chrysler want the same with GM. Meanwhile, the CAW is playing rebellious teenager against society, and bucking GM, the Quebec Government, and the Canadian Federal Government in thumbing their nose at GM's take-it-or-we'll-close-down-GM-Canadian-Operations deal. The CAW has painted themselves into a corner, and there is no way GM's debtholders are going to back an agreement similar to what Chrysler's debtholders agreed to (again, Chrysler debtholders had assets to back them up which GM debtholders do not have). It's going to be a mess.
*(after Fritz Henderson said the last deal in march cutting costs by $8/hr made GM Canada competitive AND WAS HAPPY WITH)
I'm predicting that if the CAW reaches an agreement, bankuptcy protection in Canada is not necessarily needed. Chrysler has not filed in Canada.
I think you meant the Ontario government, not Quebec's.
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Joined: Nov 2001
Posts: 254
From: OSHAWA
The "rebellious teenager against society" has reached a tentative agreement with GM Canada:
http://www.ctv.ca/servlet/ArticleNew...522?hub=Canada
http://www.ctv.ca/servlet/ArticleNew...522?hub=Canada
Last edited by LT1 PWRD; May 22, 2009 at 01:27 PM.
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Joined: Dec 1999
Posts: 538
The bigger question is parts supply. With suppliers already under duress, will be interesting to see warranty work performed without parts availability.
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Joined: Jul 2001
Posts: 1,808
From: FL/MI
Parts availability, or maybe better stated a lack thereof, can be construed to trigger Magnuson-Moss warranty provisions.
The phrase which instructs to "correct a non-conformity in a timely manner" comes to mind.
I don't know if the government is on the hook for covering repurchase or not. It could be argued that they are.
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