GM Card Earnings will be honored during bankruptcy - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

fireresq157 · 06-01-2009, 02:36 PM

FYI called GM card and they stated that even with the Chapter 11 filling"GM plans to honor GM card earnings".
That's good news for us in that boat.

tededfred · 06-01-2009, 02:39 PM

sweet, thats really good news, i was wondering about that myself

fireresq157 · 06-01-2009, 04:41 PM

The only thing that worries me is that they "Plan"

dstairs · 06-02-2009, 06:40 PM

Even Dealerships that were not offered a "Letter of Participation" but instead got the "Winding Down" letter will be in business for over a year for the most part. So orders will honored, cars will be sold, warranty will be honored, and rebates and gm card points will be accepted. It is business as usual as the restructuring begins.

I am looking forward to the future at GM, I think that they will come out of this mean, lean and a fighting machine. Those dealers that are chosen to stay and fight will be the strongest, the most compliant, and the most profitable. June was a fantastic month in Texas for Chevrolet, let's hope it continues and we see consumer confidence return to the showrooms!

06-01-2009, 02:36 PM	#1
fireresq157 Drives: 1997 SS & 2010 2SS/RS Join Date: Aug 2006 Location: South Florida Posts: 1,027	GM Card Earnings will be honored during bankruptcy FYI called GM card and they stated that even with the Chapter 11 filling"GM plans to honor GM card earnings". That's good news for us in that boat.

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06-01-2009, 02:39 PM	#2
tededfred Drives: 2010 Rally Yellow Camaro 2LT!! Join Date: May 2009 Location: Toronto Posts: 143	sweet, thats really good news, i was wondering about that myself

06-01-2009, 04:41 PM	#3
fireresq157 Drives: 1997 SS & 2010 2SS/RS Join Date: Aug 2006 Location: South Florida Posts: 1,027	The only thing that worries me is that they "Plan"

06-02-2009, 06:40 PM	#4
dstairs Farewell Thor Drives: 95 Caddy Deville Concours Join Date: Apr 2009 Location: Texas Posts: 217 View My Garage	Even Dealerships that were not offered a "Letter of Participation" but instead got the "Winding Down" letter will be in business for over a year for the most part. So orders will honored, cars will be sold, warranty will be honored, and rebates and gm card points will be accepted. It is business as usual as the restructuring begins. I am looking forward to the future at GM, I think that they will come out of this mean, lean and a fighting machine. Those dealers that are chosen to stay and fight will be the strongest, the most compliant, and the most profitable. June was a fantastic month in Texas for Chevrolet, let's hope it continues and we see consumer confidence return to the showrooms!