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Originally Posted by Adam
Just one thing. It's perfectly valid to wonder about the warranty of a GM product because they had to take government money to survive.
Ford has not to this day and claims they do not need to. If that changes, then you can call the comparison invalid, but not until then. Given that things can't get much worse, I assume they won't hit that point.
GM is however, over extended in the marketplace, and GMAC was tied into a lot of bad home mortgage assets. I assume that since their financing arm was cleared to become a bank, and GM got some govt money, that it will be fine.
But I'm pretty sure a lot of you don't know just how close GM was to filing bankruptcy.
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they would still honor warranties if they declared bankruptcy.
stop running around like chicken little