US Government to back warranties - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

trm0002 · 03-30-2009, 10:23 AM

So much for worrying.

Obama stated this morning that the US Government will back the warranties of GM and Chrysler.

Something positive at least...

Of course he also said effectively he will let Chrysler go under if they can't get a merge deal done with Fiat...

Elvisuperman · 03-30-2009, 10:25 AM

Quote:

Originally Posted by trm0002

So much for worrying.

Obama stated this morning that the US Government will back the warranties of GM and Chrysler.

Something positive at least...

That's not positive...it's pathetic!

justmeron · 03-30-2009, 10:28 AM

That's scarey!

Crowley · 03-30-2009, 10:29 AM

Quote:

Originally Posted by trm0002

So much for worrying.

Obama stated this morning that the US Government will back the warranties of GM and Chrysler.

Something positive at least...

ravensjeff · 03-30-2009, 10:30 AM

So if I need the transmission replaced, I can go to any Govt office and someone there will fix it!!!

Elvisuperman · 03-30-2009, 10:31 AM

Quote:

Originally Posted by ravensjeff

So if I need the transmission replaced, I can go to any Govt office and someone there will fix it!!!

too funny!

VJCamaro · 03-30-2009, 10:32 AM

Yep, heard it on FOX news on my XM radio. Now if I could just get video feeds that go along with my morning XM news, my morning and evening commute would be awesome.

Hylton · 03-30-2009, 10:33 AM

This news combined with the recent firing of the board and Wagoner tells me what direction things are headed.

Angrybird 12 · 03-30-2009, 10:34 AM

I entered this with an Open mind. I am glad that he says that GM is in his opinion going to come out of this... But I don;t think he went far enough to explain where the Government can help out the auto industry by relaxing or postponing the implementation of the new CAFE and emmisions standards untill after the industry recovers, then give them 5 years to meet the new standards. By just doing that will save the Companies Billions of dollars in R&D costs that can be used to do R&D on New products.

Another thing Is this would cost us taxpayers NOTHING for them to save BILLIONS...

Hylton · 03-30-2009, 10:36 AM

Quote:

Originally Posted by Skyman 08

I entered this with an Open mind. I am glad that he says that GM is in his opinion going to come out of this... But I don;t think he went far enough to explain where the Government can help out the auto industry by relaxing or postponing the implementation of the new CAFE and emmisions standards untill after the industry recovers, then give them 5 years to meet the new standards. By just doing that will save the Companies Billions of dollars in R&D costs that can be used to do R&D on New products.

That would be a good idea. The new cafe standards were written up when the industry was selling as many SUV's as it could make. They should pull it back a few years.

trm0002 · 03-30-2009, 10:36 AM

Quote:

Originally Posted by Elvisuperman

That's not positive...it's pathetic!

Of course the whole notion is pathetic but it should give potential car buyers, even HERE, a sigh of relief. There are threads here about people not buying new cars specifically because they are/were worried about potential warranty issues.

trm0002 · 03-30-2009, 10:38 AM

Quote:

Originally Posted by Hylton

This news combined with the recent firing of the board and Wagoner tells me what direction things are headed.

Obama said flat out he wasn't against the idea of a STRUCTURED bankruptcy. IMO, that's where they needed to go 6 months ago. Can I be on his economic team?

Elvisuperman · 03-30-2009, 10:39 AM

Quote:

Originally Posted by trm0002

Of course the whole notion is pathetic but it should give potential car buyers, even HERE, a sigh of relief. There are threads here about people not buying new cars specifically because they are/were worried about potential warranty issues.

I wasn't trying to take a shot at your statement but rather the whole situation...I totally agree and understand your point. It's just sad to see what's become of our once great General.

SilverCamaroSS · 03-30-2009, 10:40 AM

Quote:

Originally Posted by trm0002

Of course the whole notion is pathetic but it should give potential car buyers, even HERE, a sigh of relief. There are threads here about people not buying new cars specifically because they are/were worried about potential warranty issues.

True. That plus the that the taxes on the vehicle will be reduced greatly to only a few hundred bucks. I just seen it on the news.

Without warranty, buying a new car is pointless. So this will allow people to buy new cars without fear. Nice work Obama!!!!!!!

03-30-2009, 10:23 AM	#1
trm0002 VIN #2G1FT1EW6A9100074 Drives: 2010 CAMARO 2SS/RS RJT VIN 00074 Join Date: Oct 2008 Location: Buffalo,NY 'burbs Posts: 4,193	US Government to back warranties So much for worrying. Obama stated this morning that the US Government will back the warranties of GM and Chrysler. Something positive at least... Of course he also said effectively he will let Chrysler go under if they can't get a merge deal done with Fiat... __________________ Last edited by trm0002; 03-30-2009 at 10:34 AM.

03-30-2009, 10:28 AM	#3
justmeron Drives: 2010 camaro Join Date: Nov 2008 Location: Northwest Indiana Posts: 1,256 View My Garage	That's scarey! __________________ 2010 2011 Chevrolet Camaro Faded Black Side Vent Highlight Decal Kit Life is not like a box of chocolates, its more like eating a whole jar of jalapenos.... what you do today may burn your ass tomorrow!!!!

03-30-2009, 10:33 AM	#8
Hylton Drives: fanboys and ass kissers crazy. Join Date: May 2008 Location: Ottawa, Ontario Posts: 7,275	This news combined with the recent firing of the board and Wagoner tells me what direction things are headed. __________________ "BBOMG - More than just a car show.... It's an experience!"

03-30-2009, 10:34 AM	#9
Angrybird 12 7 year Cancer Survivor! Drives: 17 Cruze RS, 07 G6 GT, 99 Astro Join Date: Dec 2007 Location: East Tennessee Posts: 21,546	I entered this with an Open mind. I am glad that he says that GM is in his opinion going to come out of this... But I don;t think he went far enough to explain where the Government can help out the auto industry by relaxing or postponing the implementation of the new CAFE and emmisions standards untill after the industry recovers, then give them 5 years to meet the new standards. By just doing that will save the Companies Billions of dollars in R&D costs that can be used to do R&D on New products. Another thing Is this would cost us taxpayers NOTHING for them to save BILLIONS... __________________ Cancer's a bitch! Enjoy life while you can! LIVE, LOVE, DRIVE... The Bird is the word! Last edited by Angrybird 12; 03-30-2009 at 10:48 AM.

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03-30-2009, 10:30 AM	#5
ravensjeff 100% Chevy & Harley Man Drives: 2010 2SS: Blown LSX 376-B15 Join Date: Feb 2009 Location: Eldersburg,MD Posts: 2,211 View My Garage	So if I need the transmission replaced, I can go to any Govt office and someone there will fix it!!!

03-30-2009, 10:32 AM	#7
VJCamaro Please not have any Delay Drives: 2SS, RS, Sunroof, Polished Join Date: Jan 2009 Location: Hammond, LA Posts: 205	Yep, heard it on FOX news on my XM radio. Now if I could just get video feeds that go along with my morning XM news, my morning and evening commute would be awesome.