Eight States Challenge Product Liability Issues in GM Bankruptcy

June 23, 2009

  • June 23, 2009 at 12:07 pm
    LOL says:
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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.

  • June 23, 2009 at 1:21 am
    bob says:
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    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.

  • June 23, 2009 at 1:32 am
    LOL says:
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    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.

  • June 23, 2009 at 1:40 am
    patriot says:
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    Absolutely correct. Stay away from Chrysler and GM products. Let the unions figure out what to do with the garbage they so wanted.

  • June 23, 2009 at 1:43 am
    Ione says:
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    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.

  • June 23, 2009 at 5:09 am
    agent says:
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    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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