Bond holder tried to enforce their contract with GM, but Obama
instructed the courts to let GM welsh. Anyone who lends GM money now is
insane. OMG (Obama Must Go) and Bernanke needs to be fired before I
would lend money in the USA. You might be better off in Venezuela thna
the USA right now as a lender.
First rule of holes: If your in one, don't keep digging.
So in the hole, why do we insanely want more debt?
*I am usually reluctant to buy anything major from a company that I know to
be in business only a few years. You just don't know if they will be around
in the future for parts or service. Even though they are using the GM name,
by their own words they are not the same company. It reminds me of BMW
buying the Rolls Royce trademark and name and then building their own
factory and filling it full of boat builders.
On Mon, 5 Sep 2011 07:37:33 -0400, "John Grabowski"
I only had a GM warranty on one car, and it worked well.
The Impala spindle issue causing tire wear was never covered by
It's one of those defects GM tried to avoid paying for by mostly
denying, because it only happens to some limited number of cars.
They don't want to recall all the Impalas for that.
If they did the right thing and fixed it for people having the wear
problem, this class action would have been avoided.
They've been denying defects forever.
Most of the car manufactures do it, but GM is probably the champ.
I only drive used GM's and have dealt with peeling paint on 2 cars,
and put manifold gaskets in 2 as preventative maintenance.
I would just put the new spindle kit in if I had an Impala and tire
Think it's a couple hundred bucks
Of course that's why I could retire early - don't spend much on cars.
GM used cars are cheap for a reason.
Suits my purpose well, but people spending big money on new cars have
a right to be pissed.
What's really stupid is GM letting a lawyer talk about not being
responsible for "old GM."
Shows stupidity has a long life.
I would not buy anything associated with GovMint motors. They're crap
Family member worked with dealers for years and now retired works part
time for a car rental agency and sees all makes of cars.
Comparing cars, his last cars were Nissan and Subaru's.
Both are made in US plants by US workers. The GovMint motors cars may
be made in Mexico or Canada and all are using lot of Japanese parts.
Last "American" car I had was a Ford lemon manufactured in Mexico.
You obviously didn't read the article. The new GM is not trying to
get out of the warranties. What they are doing is saying they are not
responsible to defend lawsuits against the OLD company. They ARE
saying that they will stand behind the EXPRESS written provisions of
the old companies warranties. Of course, the ambulance chasing
lawyers don't like it.
Just bullshit. Fact is people go to GM in the cities they live and have
problems. That would be GM.new. Consumers don't give a crap about
GM.old and GM.new, that is just political bullshit as it says GM on the
What is really happening is GM.new is trying to deny claims, hoping for
$2000 they don't find a good one and lawyer up. I wonder how many are
quietly getting screwed over?
Here is one for ya. I know someone in the business. The latest scam is
to charge the customer saying it isn't covered. If they just pay, then
the dealer submits it to the auto head office for reimbursement, getting
the double dip.
It is just another reason not to deal with GM and other corrupt
If it is all Bush's fault, then how come Obama is doing much more of the
same and expecting different results?
There is this thing called goodwill. The new Government Motors can
certainly go with the letter of their agreement with Obama but it isn't
good for business. One of the most basic rules of business is that you
work to keep customers because of the high cost of getting new ones.
And more then likely they will gain very little goodwill. Most of the
people will continue to badmouth GM since we know going in that they
wanted something they had no legal right to and people like that are
usually nothing but a pain in the ass forever.
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