"New GM" not responsible for "Old GM"

"New GM" not responsible for "Old GM"

PostBy: Richard S. On: Sat Aug 20, 2011 9:18 am

Seems the Impalas have excessive tire wear, they recalled police vehicles but not the regular cars.

The class-action suit tried to compel GM to install suspension fix kits on all of the affected cars, but recent court filings by GM counsel says that solution is a no-go. Because all of the affected cars were made before General Motors’ bankruptcy and subsequent bailout in 2009, they were technically made by the “old” GM, the firm that became Motors Liquidation Company and has since sold all financially stable assets to General Motors.

By that stretch, GM now claims that it is not responsible for any wrongdoing on the part of MLC, which would mean the class-action suit is against the wrong party. “New GM did not assume liability for old GM’s design choices,” said GM counsel Benjamin Jeffers in a court filing.

Read more: http://wot.motortrend.com/new-gm-says-i ... z1VZhgSA00
Richard S.
 
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Re: "New GM" not responsible for "Old GM"

PostBy: Wood'nCoal On: Sat Aug 20, 2011 10:00 am

I saw that on the news this morning, totally ridiculous.
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Re: "New GM" not responsible for "Old GM"

PostBy: Yanche On: Sat Aug 20, 2011 10:34 am

You may not like it but that's how bankruptcy works. The corporate entity "the old GM" no longer exists, if any corporate entity could be sued it would be "Motors Liquidation Co", the surviving corporation after bankruptcy.
Yanche
 
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Re: "New GM" not responsible for "Old GM"

PostBy: Wood'nCoal On: Sat Aug 20, 2011 10:36 am

Understood.
Wood'nCoal
 
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Re: "New GM" not responsible for "Old GM"

PostBy: AA130FIREMAN On: Sat Aug 20, 2011 6:56 pm

Richard S. wrote: they recalled police vehicles but not the regular cars.

It's said , you can't get blood from a turnip, but uncle sam alway's get's his blood before anyone ( and the bankruptcy lawyers too)
AA130FIREMAN
 
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Re: "New GM" not responsible for "Old GM"

PostBy: Wood'nCoal On: Sat Aug 20, 2011 8:23 pm

It's soured me on GM, but I wasn't happy with them anyway.
DSCN0671.jpg
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Ford truck, Ford car, Ford tractor, even the crappy company car is a Ford.
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2 old Fords inside, won't mention the Buick or the Plymouth (don't know why I have a Mopar).
Wood'nCoal
 
Stoker Coal Boiler: 1959 EFM 350
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Re: "New GM" not responsible for "Old GM"

PostBy: lsayre On: Sat Aug 20, 2011 8:56 pm

Flashback quote from President Obama:

"Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."

http://www.autoweek.com/article/20090330/CARNEWS/903309977
lsayre
 
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Re: "New GM" not responsible for "Old GM"

PostBy: Wood'nCoal On: Sat Aug 20, 2011 9:09 pm

What a Bullshit Artist. :lol:
Wood'nCoal
 
Stoker Coal Boiler: 1959 EFM 350
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Re: "New GM" not responsible for "Old GM"

PostBy: gaw On: Sat Aug 20, 2011 9:46 pm

Isayre; pay no attention to the man behind the curtain…. Oops, wrong movie.
gaw
 
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Re: "New GM" not responsible for "Old GM"

PostBy: Yanche On: Sat Aug 20, 2011 9:51 pm

lsayre wrote:Flashback quote from President Obama:

"Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech. "Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty."

http://www.autoweek.com/article/20090330/CARNEWS/903309977

So when was the Impala made? Before or after the government bailout of GM and Chrysler? Makes a big difference. The implication so far in this thread is it was made before, by the "Old GM". Sorry, no government backed warranty.
Yanche
 
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Re: "New GM" not responsible for "Old GM"

PostBy: lsayre On: Sun Aug 21, 2011 1:37 am

The quote from President Obama pre-dates the bankruptcy filings.
lsayre
 
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Re: "New GM" not responsible for "Old GM"

PostBy: coal berner On: Sun Aug 21, 2011 2:20 am

Wood'nCoal wrote:It's soured me on GM, but I wasn't happy with them anyway.
DSCN0671.jpg

2 old Fords inside, won't mention the Buick or the Plymouth (don't know why I have a Mopar).

Yea Just take out extra fire insurance on them and you garage and house if the gauge is attract
Yea fords are great built ford tough except for gas tanks transmission cruise controls tires wheels yep buy a ford
Ford is the king of recalls


http://www.thaindian.com/newsportal/bus ... 60517.html

http://www.ford-trucks.com/recalls/reca ... ORD/y-1995

http://www.sptimes.com/News/052301/Worl ... erne.shtml

http://www.insideline.com/ford/ford-rec ... l-off.html

http://www.insideline.com/ford/ford-rec ... l-off.html

http://www.ohiolemonlaw.com/vehicle-recall-list.html
coal berner
 
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Re: "New GM" not responsible for "Old GM"

PostBy: Wood'nCoal On: Sun Aug 21, 2011 9:55 am

http://www.autosafety.org/history-gm-si ... ank-defect

http://www.autosafety.org/largest-vehicle-recalls

I worked for GM in the 80's, changed hundreds of rear lower control arm bolts on the A body recall and also did lots of brake recalls on the X body, as well as the wonderful cold binding problem on the rack and pinion steering.

Replaced many failed head gaskets on the wonderful Olds diesel V8.

In '85 when the FI front wheel drive Olds 98 was introduced the mass air flow sensors were failing right and left. When they quit the engine would shut of and would not restart, really great when the driver was in the middle of an intersection or driving on the highway at 70 mph!

The absolute worst job I ever did was replacing a failed V6 diesel engine in a Olds Ciera.

Wonder why I got out of that business...
Wood'nCoal
 
Stoker Coal Boiler: 1959 EFM 350
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Re: "New GM" not responsible for "Old GM"

PostBy: samhill On: Sun Aug 21, 2011 11:00 am

How does that quote predate the bankruptcy if it says starting today? Just asking I think the bankruptcy laws suck, you try that & see what happens.
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Re: "New GM" not responsible for "Old GM"

PostBy: lsayre On: Sun Aug 21, 2011 11:07 am

samhill wrote:How does that quote predate the bankruptcy if it says starting today? Just asking I think the bankruptcy laws suck, you try that & see what happens.


It then goes on to say that GM and Chrysler are at high risk of bankruptcy as they face some of the lowest U.S. sales rates in 27 years, and that both companies have said that bankruptcy would snuff out sales because consumers wouldn't buy a car from a company that might not be around to honor the warranty and provide service and spare parts.

It then states that any funds for the warranty program will come from the $700 billion Troubled Asset Relief Program (TARP) provided by Congress.

TARP goes back aways. This declaration from our leader is obviously old news. It also quite obviously predates bankruptcy.
lsayre
 
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