This whole bailout and restructuring is premised on a questionable assumption…that consumers are about to start buying WAY more GM autos than ever before. It won’t happen for a huge variety of reasons, the latest of which is highlighted by this article. GM isn’t a stand-up company anymore. Buy a CR-V.
what are the statistical odds of having a liability claim against GM for a faulty product? probably far less than the likelihood you will be killed in an auto wreck on your way to work, or even being struck by lightning. I certainly wouldn’t let that deter me from buying GM. Maybe other reasons, but the odds on that being a significant problem are too low to worry about.
So Bob, what you’re saying is that the article has no merit either? That the eight states and their representatives who are taking a stand against the removal of GM’s product liability are ignorant of “the odds” just b/c product liability damages pale in comparison to “auto wreck” damages?
It’s funny that you used the word “logic”. Nice try, guy.
Three of the four “good GM” companies – Chevy, GMC and Buick – all have more than 100 problems per 100 new cars produced. The fact that JD Power even conducts these studies speaks to the value of product liability standards for automobiles b/c the ODDS OF ME GETTING IN A WRECK ON THE WAY TO WORK ARE CORRELATED TO THE QUALITY OF THE PRODUCT AND ITS RELIABILITY.
The bankruptcy should include a provision for the purchase of a ten or twenty year tail on the discontinued operations for the previous owners, and a release of liability for the new owners. This is an Insurance Journal; someone sell them the appropriate insurance; that should make your new business quota.
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This whole bailout and restructuring is premised on a questionable assumption…that consumers are about to start buying WAY more GM autos than ever before. It won’t happen for a huge variety of reasons, the latest of which is highlighted by this article. GM isn’t a stand-up company anymore. Buy a CR-V.
what are the statistical odds of having a liability claim against GM for a faulty product? probably far less than the likelihood you will be killed in an auto wreck on your way to work, or even being struck by lightning. I certainly wouldn’t let that deter me from buying GM. Maybe other reasons, but the odds on that being a significant problem are too low to worry about.
So Bob, what you’re saying is that the article has no merit either? That the eight states and their representatives who are taking a stand against the removal of GM’s product liability are ignorant of “the odds” just b/c product liability damages pale in comparison to “auto wreck” damages?
It’s funny that you used the word “logic”. Nice try, guy.
Oh and take a look at JD Powers’ most recent Initial Quality study results, released YESTERDAY – http://www.autoblog.com/2009/06/22/lexus-leads-hyundai-improves-while-infiniti-drops-in-j-d-powe/
Three of the four “good GM” companies – Chevy, GMC and Buick – all have more than 100 problems per 100 new cars produced. The fact that JD Power even conducts these studies speaks to the value of product liability standards for automobiles b/c the ODDS OF ME GETTING IN A WRECK ON THE WAY TO WORK ARE CORRELATED TO THE QUALITY OF THE PRODUCT AND ITS RELIABILITY.
Absolutely correct. Stay away from Chrysler and GM products. Let the unions figure out what to do with the garbage they so wanted.
Try to insure a GM or Chrysler. Until an insurer is able to carve the product liabiltiy out, I bet you won’t get a reasonable quote.
The bankruptcy should include a provision for the purchase of a ten or twenty year tail on the discontinued operations for the previous owners, and a release of liability for the new owners. This is an Insurance Journal; someone sell them the appropriate insurance; that should make your new business quota.