In a tight market, big demandfor used cars drives up prices Jun 5, 2009
And the switch is even easier for drivers accustomed to new cars because dealerships like Silko are offering lifetime warranties. Kelly Auto Group, which has about six dealerships, has offered customers more than Blue Book value to get trade-in vehicles and has bought more cars out of classified listings and off-lease vehicles to fill in the gaps, according to Lew Goldstein, director of operations. (Boston Globe)
LOCAL GM DEALER GOING STRONG DESPITE BANKRUPTCY Jun 4, 2009
He added that all new and existing GM warranties are government-backed. GM now plans to focus on four core brands Chevrolet, Buick, Cadillac and GMC and get rid of the Pontiac, Saturn, Hummer and Saab lines. (Pine Bluff Commercial, AR)
How Not To Run GM Jun 4, 2009
On March 30, Obama assured a wary public that "the United States government has no interest in running GM." It was during the same speech in which he announced his firing of GM's CEO, Rick Wagoner, demanded a more "credible" restructuring plan, suggested that GM had not "consolidated enough unprofitable brands," unilaterally promised government-backed warranties for GM cars, and argued that the company should focus on "manufacturing the fuel-efficient cars and trucks that will carry us towards... (Townhall.com)
I, Barack Obama Jun 4, 2009
I, Barack may claim he does not want to run GM but in almost the same breath he says he will guarantee GM warranties and that the "new GM" will produce the cars he envisions. "And I want to remind everyone that if you are considering buying a GM car during this period of restructuring, your warranties will be safe and government-backed," said Obama. (Human Events Online)
Henson dealerships not on closing list Jun 4, 2009
After that, the new cars would still have the Chrysler guarantee, but the dealers would no longer have support from Chrysler such as parts and service for the warranties. After that, they ll need to go to a franchised dealer like myself, Henson said. (Madisonville Meteor, TX)
GM, auto giant files for bankruptcy Jun 3, 2009
One element of good news for GM car owners - warranties, service and support on GM vehicles will not be interrupted by the bankruptcy filing, the automaker said. Relief for some - but certainly not all. (Niles Star, MI)
Heroes in tough times Jun 3, 2009
"They all get 29 miles to the gallon. They've got 100,000-mile warranties. They've all been serviced," he says. "They're certified, so there's no maintenance.". (CNN)
9 troubled Korean firms Jun 3, 2009
United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers. Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. (EETimes)
GM to build compact vehicle — but where? Jun 3, 2009
Tad2 wrote on Jun 2, 2009 10:24 PM:" workinmom,If you're going to buy a Ford because GM is government owned, are you going to change banks, insurance, and mortgage companies if yours is now government owned? If you favored a Ford product over a GM product that would be understandable, but to not buy a product because its majority stockholder is the government, is rediculous. As a matter of fact, the government is backing warranties on the Chrysler vehicles. Can't get much better than that. ".... (Columbia Daily Herald, TN)
GM bankruptcy: What it means Jun 3, 2009
Because the government is behind the company now, they are underwriting warranties. GM had planned to honor all warranties in any event (even for brands that are going away). (Easton Journal, MA)
Bankruptcy filing could put GM on road to profits Jun 2, 2009
GM must also overcome the stigma of bankruptcy and the buyers' fears that it won't be around to honor warranties or make parts. The government has guaranteed GM warranties. (Muscatine Journal, IO)
Uncertain terrain: Dealer saddled with inventory when Chrysler pulls his franchise Jun 2, 2009
My biggest question of all is how to sell all these cars and parts without warranties. It's a pretty big challenge, he said. (Missoulian, MT)
GM driving the bankruptcy road Jun 2, 2009
"In most instances, their local GM-affiliated dealerships will continue to operate, selling new and used vehicles and dispensing service and parts." The government has said warranties will stay in effect. "For the workers idled by the closing of 14 plants, the effect will be far different -- a sudden change in the way of life of many communities that have relied on the strength of the American auto industry," Mr. Nerad said. (Pittsburgh Post-Gazette, PA)
Analysis: Obamas tough love for automakers Jun 2, 2009
The government also has pumped billions into the auto company's lending arm and assured consumers that it will backstop GM warranties, putting it only a few bureaucratic steps away from fixing a transmission. And if Obama doesn't find cause to meddle, Congress very well might. (MSNBC -- Business)
Business as usual for local GM dealers Jun 2, 2009
"It's been business as usual. GM has guaranteed our financing and our warranties, so all of our regular everyday dealings are the same as of (Monday) as they were on Saturday.". To read the complete story see Tuesday's Republican-American or our electronic edition at. (Republican-American)
Jobs safe despite GM bankruptcy: Holden Jun 2, 2009
Mr Reuss said the company's dealer warranties and after sales service would not be affected by its parent's filing for Chapter 11 bankruptcy protection overnight. He said the company had taken the necessary actions to ensure its viability, including reducing its production to meet demand. (Sydney Morning Herald -- Business)
Westbrook: What bankruptcy could do for GM Jun 2, 2009
But the car companies are different, even with government backing of their warranties, and might well lose the rest of their customers if they do not emerge quickly. Don't Miss. (CNN -- US)
AT a glance: GM Bankruptcy Jun 2, 2009
President Barack Obama first said the U.S. government would back the warranties of GM and Chrysler vehicles in March. On Monday, he reiterated that commitment. (Erie Times-News, PA)
What GM's Chapter 11 filing means Jun 2, 2009
CAR BUYERS: President Obama said in March the U.S. government would back the warranties of GM and Chrysler vehicles ... "I want to remind everyone that if you are considering buying a GM car during this period of restructuring, your warranties will be safe and government-backed," Obama said. (Athens Banner-Herald)
GMSA will not be affected by woes abroad - Koch Jun 2, 2009
To allay consumers' fears of buying cars from a company they think may be unable to supply parts in the future - or may completely disappear - Koch said: "GMSA Africa and our distribution partners will continue to provide full sales and aftersales backing for all our vehicles including honouring all warranties, service and maintenance plans, parts supply and all other areas of aftersales support for the Chevrolet, Isuzu, Opel, HUMMER, Saab and Cadillac brands." - Sapa. BUSINESS SERVICES. (Business Report, South Africa)
In Tracy, people still confident in Chevy Jun 2, 2009
Service contracts and warranties will still be honored. "If GM went under, people would have a lot more to worry about than their warranties," he said. (San Francisco Chronicle -- Business)
Car deals out there, but costs likely to rise Jun 2, 2009
The federal government has promised to pay for repairs covered by factory warranties on all new cars purchased from GM and Chrysler while they are in bankruptcy. A discontinued model will depreciate faster than usual, but that's not a problem if you plan to keep the car for many years. (San Francisco Chronicle -- Business)
U.S. role remarkable, risky in GM's restructuring plan Jun 2, 2009
The government also has pumped billions into the auto company's lending arm and assured consumers that it will backstop GM warranties. And if Obama doesn't find cause to meddle, Congress very well might. (AZCentral -- Business)
GM bankruptcy kicks off fast restructuring Jun 2, 2009
"Furthermore, the U.S. Treasury and the Canadian governments have issued a strong vote of confidence by backing GM's vehicle warranties," he said. STRUCTURE RESHAPE. (Xinhuanet, China)
Consider risk in buying cast-off brands Jun 2, 2009
Even though the federal government is guaranteeing the warranties of all GM cars, buying a brand with an uncertain future raises some concerns. In particular, new car buyers might worry about the ease of replacing damaged parts and the resale value of a brand that's no longer in production. (The Augusta Chronicle)
What happens to my warranty if GM files for bankruptcy? Jun 1, 2009
A: Yes, and extended warranties as well, says Steve Harris, General Motors' vice president of global communications. In addition to the company's backing, they have the federal government standing behind them. (USA Today -- Autos)
Dealerships close Jun 1, 2009
In March, President Obama announced that the U.S. government would provide the backing for Chrysler and GM vehicle warranties under the "Warrantee Commitment Program.". Can I take my vehicle for service and warranty work to another (surviving) dealer. (CNN -- International)
FOXBusiness: GM to File for Bankruptcy and Split Jun 1, 2009
GM will continue to honor consumer warranties, the government noted, adding that the Treasury had made a support program for warranties available to GM. ... GM will also seek authority to continue to honor customer warranties and honor its dealer in 000002E2 centives, the Administration said. (Fox News)
An icon collapses as GM declares bankruptcy Monday Jun 1, 2009
" onclick="Next();" src="/images/butt_next. " GM has already begun a major restructuring of its operations that will "allow the company to move toward profitability even if the auto market recovers slowly," senior administration officials said. The largest US automaker will close 11 plants and idle three others as it slashes its operating costs in order to lower its break-even point by 40 per cent in terms of overall US industry sales. The US government will provide an additional 30.1 billion... (Channelnewsasia.com)
GM Poised To Declare Bankruptcy Jun 1, 2009
Dealer warranties will be honored, but consumer enthusiasm for vehicles from a bankrupt manufacturer is anyone's guess. GM has already received about $20 billion in government loans to stay afloat - most of it already spent with little hope of being recouped - and could get another $30 billion to help navigate bankruptcy. (CBS News)
McKinney: Customers, employees want Chrysler/Jeep to stay open May 31, 2009
It said the dealership would continue to help clients with automotive issues, resolve warranties that needed to be looked at and honor claims. Additionally, if Chrysler/Jeep is closed at El Dorado Motors, Chevrolet and Mazda will continue to operate as usual. (McKinney Courier-Gazette, TX)
Hits and Misses May 30, 2009
HIT: Action being initiated by the Federal Trade Commission to look into business practices of Transcontinental Warranty, Inc., who some claim utilizes illegal recorded calls and misrepresentation to try and prompt people to buy car warranties. HIT: Memorial Day services and activities throughout the region in honor of the many American soldiers who gave their lives for our country. (NJ.com -- Times)
GM bankruptcy imminent May 30, 2009
Gov t to back warranties ... The U.S. government has pledged to back both companies warranties to reassure consumers their purchases will be protected no matter what happens ... Owner Jeff Mauk said President Barack Obama s pledge to back warranties seems to have erased some of the fear for potential buyers. (Columbia Daily Herald, TN)
History shows corporations can survive bankruptcy May 30, 2009
GM was hesitant to file for bankruptcy fearing no one would buy its cars, but that appears to have been overcome with the government agreeing to back its warranties, according to Picker. "I think we have gotten over the mental hurdle," he said. (USA Today -- Money)
McKinney: Customers, employees want Chrysler/Jeep to stay open May 30, 2009
It said the dealership would continue to help clients with automotive issues, resolve warranties that needed to be looked at and honor claims. Additionally, if Chrysler/Jeep is closed at El Dorado Motors, Chevrolet and Mazda will continue to operate as usual. (McKinney Courier-Gazette, TX)
Texas Attorney General Sues Appliance Store Chain May 29, 2009
HOUSTON (May 28, 2009)--Texas Attorney General Greg Abbott filed suit Thursday in Houston against the Conn's appliance chain, accusing the Beaumont-based chain of failing to honor product warranties, misleading customers about products, false advertising and other deceptive sales practices. In a statement issued Thursday, Abbott said Conn's used "high-pressure sales tactics to deceive customers about their extended service warranties.". (KWTX.com, TX)
Opel Bankruptcy Option May Not Be Such a `Strange' Idea, Legal Experts Say May 29, 2009
While an insolvency at the automaker may dissuade potential car buyers who worry that they will lose service warranties, Germany shouldnt rule out the option, said Rattunde. If you rule out the insolvency option, you pretty much raise the price you have to pay to convince any investor to step in, said Rattunde. (Bloomberg -- Germany)
Dealer preparing for life after Chrysler May 28, 2009
Callers not only ask whether their warranties will be honored; they are "questioning why Chrysler has picked us to close.". To the latter, Mr. LoGreco has no answer. (Pittsburgh Post-Gazette, PA)
GM All but Certain to File for Chapter 11 May 28, 2009
The U.S. government has pledged to back both companies' warranties to reassure consumers their purchases will be protected no matter what happens. Analysts say that seems to be helping Chrysler, where sales during the first two weeks of May fell at about the same rate as the whole U.S. market. (ABC News -- Wire)
Will the Government Save GM? May 28, 2009
Who else but the government would pay the suppliers, fund the sales incentives, guarantee the warranties that would keep local economies limping along from Fresno to the Finger Lakes. "These companies were saddled with an impossible set of liabilities," a task-force member explained. (Time.com)
Homebuilder arbitration under fire May 28, 2009
But Russ Willard, a spokesman for Baker, said home warranties that are third-party insurance contracts are exempt under the arbitration code. Georgia law does not forbid the inclusion of these clauses in contracts, but Georgia law does make them unenforceable, he said. (Atlanta Journal-Constitution -- Business)
U.S. Stands To Own 70 Percent Of GM May 28, 2009
GM will likely shed four of its brands - Pontiac, Saab, Hummer and Saturn - though the government has promised to back any warranties for those brands ... GM will likely shed four of its brands - Pontiac, Saab, Hummer and Saturn - though the government has promised to back any warranties for those brands, reports Glor. (CBS News -- 60 minutes II)
Not all warranties equal May 26, 2009
According to Warranty Week, consumers shell out about $16 billion annually on extended warranties ... Auto warranties don't come without problems ... In a November 2007 article, Consumer Reports labeled extended warranties bad deals on most items but, when warranties are purchased, said they should not cost more than 20 percent of the cost of the item. (The Clarion-Ledger)
Analysts say GM bankruptcy may not be all that bad May 25, 2009
With the government announcing that it would back GM and Chrysler warranties, people are taking advantage of deals to get cars on the cheap, said David Koehler, a clinical marketing professor at the University of Illinois at Chicago. "I think consumers right now know cars last for a long time," he said. (Ionia Sentinel-Standard, MI)
Are You Sick and Tired of Vehicle Warranty Scams? (14) May 25, 2009
The caller turns out to be a computerized voice selling car warranties ... BEWARE - Whether the solicitation is by phone or mail, what those offering warranties really want is your money in some cases that is your credit card information. (Agri-View, WI)
Steve Cahalan: Kate’s on State owners opening second eatery May 24, 2009
Scam du jour: Watch out for companies that sell extended auto service contracts via deceptive postcards and robo phone calls that scare people into thinking their auto warranties are about to expire, the Wisconsin Better Business Bureau warns. Almost 4,000 consumers nationwide have filed complaints with the Better Business Bureau against such companies, it said. (La Crosse Tribune, WI)
Hino Trucks to Debut Race Recovery Vehicles at Indianapolis Motor Speedway May 23, 2009
and its products are backed by industry leading warranties and a strong service network dedicated to the towing professional. Visit for more information. (Yahoo! Wire -- Entertainment News)
Local auto dealers remain determined May 23, 2009
Both local dealerships have been fielding calls from customers since the announcements last week, asking if they were going to stay in business and/or will continue to honor warranties while also providing service. We will continue with the Ford and Mercury franchises and will still offer the best quality used vehicles in the state, backed by our exclusive Lifetime Powertrain Protection guarantee, noted Jones. (Wickenburg Sun, AZ)
Are 'robocalls' about to expire? May 22, 2009
It doesn't matter to the telemarketers if people already have signed up for the federal Do Not Call list, or if their warranties are in fact about to expire - or even if they own cars, according to the FTC. ... The FTC suits name three companies: Florida-based Voice Touch Inc. and an affiliated Illinois-based company called Network Foundations LLC, as well as Florida-based Transcontinental Warranty Inc., which sells extended auto warranties. (Athens Banner-Herald)
Local GM dealership safe for now May 22, 2009
Smith did state that GM is phasing out Pontiac by the end of 2010 but new car warranties would still be honored by the government if necessary. Smith has been serving Benton and surrounding counties for 48 years with three generations of Smiths at the helm. (Camden Chronicle, TN)
Davenport Suzuki dealer locks the doors May 22, 2009
Rose said after reports began circulating Wednesday that the dealership at 5401 Elmore Ave. was closing, he was inundated with upset customers, especially those who were given lifetime warranties on tires and oil changes from the dealership. Those warranties now cannot be honored, he said ... Rose said American Suzuki will honor its warranties. (Waterloo-Cedar Falls Courier)
Car warranty offers under investigation May 22, 2009
Several companies including USFidelis are pushing extended car warranties ... Last Thursday and Friday, a federal judge issued a temporary restraining order designed to stop what officials describe as a wave of deceptive "robo-calls" trying to sell people these warranties. (KGW Northwest NewsChannel 8, OR)
Canned car dealers have some bargains May 22, 2009
Automakers also are required to continue to make replacement parts for discontinued cars for a period of time and if the company ends up being liquidated, the federal government plans to back warranties. For those who buy from an orphaned car company, be prepared for the resale value to drop, Mr. Libby said. (Pittsburgh Post-Gazette, PA)
Six important BBQ safety tips May 22, 2009
Use of this site section and any information contained on or provided through this site section is at your own risk and any information contained on or provided through this site section is provided on an "as is" basis without any representations or warranties. All content. (WTVR.com, VA)
ConsumerMan: Big robocall scam shut down May 22, 2009
The automated calls (known as robocalls) pitched extended car warranties ... The FTC sued both the promoter of the phony extended warranties, Transcontinental Warranties, and the company making the robocalls Voice Touch. (MSNBC -- Business)
Local auto dealers remain determined May 22, 2009
Both local dealerships have been fielding calls from customers since the announcements last week, asking if they were going to stay in business and/or will continue to honor warranties while also providing service. We will continue with the Ford and Mercury franchises and will still offer the best quality used vehicles in the state, backed by our exclusive Lifetime Powertrain Protection guarantee, noted Jones. (Wickenburg Sun, AZ)
Time to buy? May 22, 2009
Concerns about warranties, resale values and even getting financing to pay for that deal are worth exploring before you hit the lots ... Dont worry about your warrantyEven if the dealership where you bought your car goes under, the closest affiliated dealership will honor manufacturer-backed warranties for their duration you just may have to drive a little further ... The government announced on March 30 that it would also back the warranties on new domestic cars bought between that date... (MSNBC -- Business)
Local auto dealers remain determined May 21, 2009
Both local dealerships have been fielding calls from customers since the announcements last week, asking if they were going to stay in business and/or will continue to honor warranties while also providing service. We will continue with the Ford and Mercury franchises and will still offer the best quality used vehicles in the state, backed by our exclusive Lifetime Powertrain Protection guarantee, noted Jones. (Wickenburg Sun, AZ)
Would you buy a car from Chrysler? May 21, 2009
Now that Chrysler has done what was once unthinkable for Detroit's Big Three carmakers filing for Chapter 11 bankruptcy reorganization everyone from President Barack Obama to the automaker's own public relations department has tried to assure car owners and would-be buyers that the company is going to continue operating and that its warranties are safe ... One worry that automakers have about bankruptcy that buyers will assume no one will be around to fix their car should be... (MSNBC -- Business)
Get paid to recycle! 15 green tips for the lazy May 21, 2009
Many are still covered by their original warranties and before they can be resold in the marketplace they go through rigorous defect testing. Refurbished products also frequently sell for less than 50 percent of the retail price. (MSNBC -- Environment)
Car warranty offers under investigation May 21, 2009
Several companies including US Fidelis are pushing extended car warranties. Their national ads promise a great deal. (KGW Northwest NewsChannel 8, OR -- Business)
This is their first notice... May 19, 2009
Unnamed companies have been using the so-called "robo-calls" to solicit the purchase of extended car warranties. That's bad enough - and perhaps illegal enough - but it's worse than that. (The Augusta Chronicle)
How to stop telemarketing car warranty calls May 19, 2009
Beatty encountered two growing problems with such warranties: aggressive, sometimes illegal, marketing practices and failure to provide what the consumer thought she paid for. Extended auto warranties made news last week as U.S. senators complained about relentless telemarketing calls and the Federal Trade Commission sued three companies it says are behind an aggressive recent wave of robo-calls generated by automated dialers that use pre-recorded messages ... Most of the complaints we ve... (Atlanta Journal-Constitution -- Metro)
Auto warranty robocalls blocked May 19, 2009
Judge blocks 'robo-calls' selling car warranties ... from 'robo-calls' selling car warranties ... CHICAGO -- A federal judge has issued two temporary restraining orders designed to stop what officials describe as a wave of deceptive "robo-calls" warning people their auto warranties are expiring and offering to sell them new service plans. (Albany Times Union)
Are 'robocalls' about to expire? May 19, 2009
It doesn't matter to the telemarketers if people already have signed up for the federal Do Not Call list, or if their warranties are in fact about to expire - or even if they own cars, according to the FTC. ... The FTC suits name three companies: Florida-based Voice Touch Inc. and an affiliated Illinois-based company called Network Foundations LLC, as well as Florida-based Transcontinental Warranty Inc., which sells extended auto warranties. (Athens Banner-Herald)
