New Vehicle Warranty Commitment Program - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 3 Old 03-31-2009, 12:37 PM Thread Starter
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Exclamation New Vehicle Warranty Commitment Program

GM remains committed to our 3 Year/36,000 or 4 Year/50,000* mile new vehicle Bumper to Bumper limited warranty, as well as our industry exclusive 5 year/100,000** mile, fully transferable powertrain limited warranty with no fees or deductibles.

Now, as announced on March 30, 2009, the U.S. Treasury Department is providing an important back-stop to our coverage. Specifically, the U.S. Treasury Department has introduced an innovative new program to give consumers who are considering purchasing a new GM vehicle the confidence their warranty will be protected.

As announced by President Obama on March 30, the Administration is confident that GM will emerge as a stronger, more competitive company, and is committed to working with us to make this happen. This important announcement means your warranty is safe – PERIOD. What does the program mean for consumers?

 If you buy or lease a new GM vehicle during our restructuring period you will be eligible for the warranty protection.
 You do not have to do anything to participate in the government’s warranty back-stop program. It is automatic.
 The U.S. Treasury will work with GM to implement its program to safeguard your warranty.
*Buick, Cadillac, Hummer, Saab **excludes Saab

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post #2 of 3 Old 03-31-2009, 12:55 PM
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Quote:
Originally Posted by Camaro Scotty View Post
GM remains committed to our 3 Year/36,000 or 4 Year/50,000* mile new vehicle Bumper to Bumper limited warranty, as well as our industry exclusive 5 year/100,000** mile, fully transferable powertrain limited warranty with no fees or deductibles. Now, as announced on March 30, 2009, the U.S. Treasury Department is providing an important back-stop to our coverage. Specifically, the U.S. Treasury Department has introduced an innovative new program to give consumers who are considering purchasing a new GM vehicle the confidence their warranty will be protected. As announced by President Obama on March 30, the Administration is confident that GM will emerge as a stronger, more competitive company, and is committed to working with us to make this happen. This important announcement means your warranty is safe – PERIOD. What does the program mean for consumers?
 If you buy or lease a new GM vehicle during our restructuring period you will be eligible for the warranty protection.
 You do not have to do anything to participate in the government’s warranty back-stop program. It is automatic.
 The U.S. Treasury will work with GM to implement its program to safeguard your warranty.
*Buick, Cadillac, Hummer, Saab **excludes Saab
That sounds good. I guess it makes sense for a State-run automaker to have a State-backed warranty.

I know! I know, that's not what we have... yet. My concerns will no doubt disappear when my order is finally picked to be built.

Last edited by weland; 03-31-2009 at 12:58 PM.
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post #3 of 3 Old 03-31-2009, 02:15 PM
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Some of what I've heard the last two days could be construed to mean that GM has decided that if it can't satisfy the government's requirements for a viability plan, it's best option may be to declare bankruptcy.
Saw a comment today from a GM official that bankruptcy "looks more probable". As I mentioned yesterday, I hope all parties involved with this use every bit of their noodles before choosing that course of action. If my stock gets wiped out, the Nissan 370Z will look a hell of a lot better to me.
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