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Government ends warranty assurance for GM & Chrysler

Posted by Hootan Mahallati | July 21, 2009 | In chrysler gm news

If you are among GM or Chrysler owners who were worried about senators fixing your axles at your next repair, worry no more: the US government has ended its warranty program for the two companies now that they have exited bankruptcy. According to Ron Bloom, the new head of the auto task force,

With the successful emergence of the new companies, consumers can now feel assured that the companies have the financial wherewithal to meet their warranty commitments on a continuing basis.

The United States government has invested $641M in the warranty program, but that sum has been returned to the treasury with interest.

[Source: Automotive News w/subs]

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