Law and Rights
Fiat has said that there's no better than a 50-50 chance they will work out a deal with Chrysler, which only has until the end of the month to get the deal done. Apparently Fiat has put some hard terms on the table that Chrysler may not be able to meet, including forcing some union concessions and participation that may be impossible.
Fiat has said that if their terms aren't met then they will walk out. Can you spell "bankruptcy" Chrysler?
And GM is having its troubles too, as the clock ticks toward its deadline. GM execs are openly talking about how to structure the bankruptcy now and even the "suits in the tower" are openly saying they are pessimistic about being able to avoid bankruptcy.
Crain, which knows Detroit's car makers better than anyone, reportedly has said that Chrysler is going to file bankruptcy in the coming weeks and that GM will follow before the end of May. Maybe. GM's stock price sure isn't anything to get excited about.
And Saturn? It looks to be going down the Chrysler road to outside ownership. Turns out that an investor group called Telesto Ventures is making a bid to buy Saturn from GM, and we all know how well that went for Chrysler when Daimler came to town. As part of the deal, they are reported to want GM to work with them to distribute vehicles for the next few years before they shift production elsewhere, reportedly overseas. Reportedly they intend to use the Saturn network to ultimately distribute cars and trucks made entirely by builders overseas. At the same time, GM is talking with its Saturn dealers about spinning Saturn off into an independent company if they have to, and if it'll work. Who knows where that's going . . . but Saturn's 384 US dealers are undoubtedly sweating.
Folks, if you've got a Chrysler or General Motors product with problems, now is the time to get it back to the dealer for warranty-covered repair work. If you've got a dispute with Chrysler or GM, or a lawsuit, you probably ought to think real hard about trying to get it settled and get money in your pocket while there is still money to be had.
Got a lemon car or lemon truck? Don't wait to get rid of it. If the dealer or manufacturer won't buy it back, call us. We've been getting rid of lemons since 1978. It's what we do.
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- Is General Chrysler Going To Build Your Next Chevy?
FCA, the new Fiat Chrysler Automobiles corporation that resulted from the merger of Chrysler and Fiat, is looking to merge now with General Motors, but GM bosses want no part of the idea, according to AutoNews in Detroit. FCA first floated the idea early...
- New Gm Promises To Honor Warranties
Good news for owners of GM cars and trucks --- reports are that the "new" GM which comes out of bankruptcy will honor the "old" GM's warranty on the millions of cars and trucks on the road. That announcement, although a promise yet to be fulfilled,...
- Penske Buys Saturn
The Penske Auto Group has inked a deal with GM to buy Saturn. Included in the deal will be the brand itself, the parts inventory, and the right to distribute the Saturn vehicle line, which GM apparently will continue to build for another 2 years. In addition...
- Cadillac Xlr Dies And Saturn Lives
GM has announced that the Cadillac XLR will halt in the second quarter of 2009, as part of its cost-cutting efforts to impress Congress and get more bail out funding. At the same time, GM's budget still includes funding for Saturn so apparently the...
- Chrysler's Gotta Deal For You
Cash-strapped and loaded with leftovers, Chrysler has just told its dealers that they can put their left over 2006 vehicles in their "loaner car" inventory for just one day and then sell them as "used" cars for thousands less, at Chrysler's expense....
Law and Rights
Chrysler-Fiat Iffy While GM Gets Gloomy and Saturn is Selling Out
Fiat has said that there's no better than a 50-50 chance they will work out a deal with Chrysler, which only has until the end of the month to get the deal done. Apparently Fiat has put some hard terms on the table that Chrysler may not be able to meet, including forcing some union concessions and participation that may be impossible.
Fiat has said that if their terms aren't met then they will walk out. Can you spell "bankruptcy" Chrysler?
And GM is having its troubles too, as the clock ticks toward its deadline. GM execs are openly talking about how to structure the bankruptcy now and even the "suits in the tower" are openly saying they are pessimistic about being able to avoid bankruptcy.
Crain, which knows Detroit's car makers better than anyone, reportedly has said that Chrysler is going to file bankruptcy in the coming weeks and that GM will follow before the end of May. Maybe. GM's stock price sure isn't anything to get excited about.
And Saturn? It looks to be going down the Chrysler road to outside ownership. Turns out that an investor group called Telesto Ventures is making a bid to buy Saturn from GM, and we all know how well that went for Chrysler when Daimler came to town. As part of the deal, they are reported to want GM to work with them to distribute vehicles for the next few years before they shift production elsewhere, reportedly overseas. Reportedly they intend to use the Saturn network to ultimately distribute cars and trucks made entirely by builders overseas. At the same time, GM is talking with its Saturn dealers about spinning Saturn off into an independent company if they have to, and if it'll work. Who knows where that's going . . . but Saturn's 384 US dealers are undoubtedly sweating.
Folks, if you've got a Chrysler or General Motors product with problems, now is the time to get it back to the dealer for warranty-covered repair work. If you've got a dispute with Chrysler or GM, or a lawsuit, you probably ought to think real hard about trying to get it settled and get money in your pocket while there is still money to be had.
Got a lemon car or lemon truck? Don't wait to get rid of it. If the dealer or manufacturer won't buy it back, call us. We've been getting rid of lemons since 1978. It's what we do.
Burdge Law Office
www.NewCarLemonLaw.com
Because life is too short to put up with a bad car.
Subscribe in a reader- Is General Chrysler Going To Build Your Next Chevy?
FCA, the new Fiat Chrysler Automobiles corporation that resulted from the merger of Chrysler and Fiat, is looking to merge now with General Motors, but GM bosses want no part of the idea, according to AutoNews in Detroit. FCA first floated the idea early...
- New Gm Promises To Honor Warranties
Good news for owners of GM cars and trucks --- reports are that the "new" GM which comes out of bankruptcy will honor the "old" GM's warranty on the millions of cars and trucks on the road. That announcement, although a promise yet to be fulfilled,...
- Penske Buys Saturn
The Penske Auto Group has inked a deal with GM to buy Saturn. Included in the deal will be the brand itself, the parts inventory, and the right to distribute the Saturn vehicle line, which GM apparently will continue to build for another 2 years. In addition...
- Cadillac Xlr Dies And Saturn Lives
GM has announced that the Cadillac XLR will halt in the second quarter of 2009, as part of its cost-cutting efforts to impress Congress and get more bail out funding. At the same time, GM's budget still includes funding for Saturn so apparently the...
- Chrysler's Gotta Deal For You
Cash-strapped and loaded with leftovers, Chrysler has just told its dealers that they can put their left over 2006 vehicles in their "loaner car" inventory for just one day and then sell them as "used" cars for thousands less, at Chrysler's expense....